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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fluctuate at a high level, with pressure and support below

    PVC futures prices fluctuate at a high level, with pressure and support below

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2109 contract reduced its position, and the futures price fluctuated at a high level, closing at 9200 on the day, +15 yuan from the previous trading day; Volume 380914 lots, open position 423201 lots, -5457, basis 80
    .

    PVC

    News: 1.
    As of July 25, the domestic PVC social inventory was 142,350 tons, down 1.
    01% month-on-month and 45.
    21% year-on-year; Among them, East China was 107,350 tons, an increase of 4.
    43% month-on-month and a year-on-year decrease of 49.
    34%; South China was 35,000 tons, down 14.
    63% month-on-month and 26.
    93%
    year-on-year.
    2.
    China's apparent consumption of PVC in June 2021 was 1,835,450 tons, an increase of 7.
    75% from May and 2.
    77% year-on-year; The cumulative apparent consumption from January to June was 10.
    57298 million tons, a year-on-year increase of 4.
    07%.

    The actual consumption from January to June was 10.
    5989 million tons, an increase of 3.
    48%
    over last year.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9280 yuan / ton, +0
    .

    Warehouse receipt inventory: 1635 warehouse receipts, -100 sheets
    .
    Main positions: Top 20 long positions 300260, -7857; short positions 280962, -1138
    .
    Net excess decrease
    .

    Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to the severe power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, some calcium carbide PVC manufacturers have signs of reducing negative production, and the supply of PVC market has decreased
    .
    Domestic PVC social inventories have fallen month-on-month, indicating that there is little pressure on the supply side
    .
    The start of PVC downstream products enterprises is basically stable and still at a relatively low level, of which the start of flooring enterprises has increased
    slightly.
    The downstream operating rates in East China, North China and South China all remained at a moderately low level
    .
    Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
    .
    Formosa Plastics' lower August cargo quotation also suppressed prices to a certain extent
    .
    The intraday V2109 contract fluctuated at a high level, indicating pressure on the top and support
    below.

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