echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fluctuate at a high level and market demand is insufficient

    PVC futures prices fluctuate at a high level and market demand is insufficient

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the PVC V2201 contract reduced its position, and the futures price fluctuated at a high level, closing at 10075 on the day, +300 yuan from the previous trading day; Volume 845774 lots, position volume 518012 lots, -6257, basis 275.

    PVC

    News: 1.
    The Asian market price rose steadily this week, CFR China was at $1400 / ton, +$20; CFR Southeast Asia $1410/tonne, +$20; CFR India was trading at $1640/mt, unchanged
    from last week.
    2.
    Ulanqab once again increased the degree of power limiting, and the support of photovoltaics and wind power was insufficient, and some enterprises have not stopped production for more than 35 hours
    .
    2021.
    9.
    10-9.
    16The total output of 7 calcium carbide enterprises in Ulanqab area was 54,200 tons, the actual output was 26,600 tons, and the operating load was 49%.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 10350 yuan / ton, +370
    .

    Warehouse receipt inventory: 7969 warehouse receipts, -0 sheets
    .
    Main positions: the top 20 long positions 352955, -10795, short positions 305887, -6636
    .
    Net excess decrease
    .

    Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
    .
    However, the domestic PVC social inventory has stopped falling and rebounded for many weeks, indicating that the market demand is insufficient
    .
    Last week, PVC downstream products enterprises started work slightly around, but demand is still tepid
    .
    The operating rate of large enterprises has increased slightly, and small enterprises have been affected by raw material prices, and some have a negative phenomenon
    .
    Inner Mongolia power rationing is still the same, calcium carbide supply is tight
    .
    Recently, due to the dual control policy of energy consumption in many places, Yulin City required local coal chemical enterprises to reduce their output by 50% in the fourth quarter, and the impact on calcium carbide is expected to increase
    .
    The intraday V2201 contract fluctuated at a high level, indicating that there is still some pressure
    above.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.