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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fluctuated and rebounded, and the market spot trading was not good

    PVC futures prices fluctuated and rebounded, and the market spot trading was not good

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 9.
    29, PVC futures prices rebounded; PVC equipment started to pick up; calcium carbide started low, and some areas rose slightly; downstream product starts rebounded slightly; social inventory was overall high
    .

    PVC

    Futures market: as of 9.
    29, the main PVC closed at 6168 yuan / ton, up 1.
    41% from the previous month; Top 20 main long positions: 375371 (-22780), short positions: 436687 (-31580), net short positions: 61316 (-13203).

    Spot and enterprise dynamics: as of 9.
    29, East China (calcium carbide method) quotation: 6250 yuan / ton (0); South China (calcium carbide method) quotation: 6330 yuan / ton (0); The 400,000-ton unit of Ningxia Jinyuyuan PVC new plant began maintenance on September 18 and was discharged on September 28
    .
    The intraday quotation was increased by 50 yuan / ton, and the 5-type calcium carbide acceptance factory was 6000-6050 yuan / ton; Xinjiang Tianye PVC plant started 8-9 percent, currently maintaining pre-sale, intraday East China 5 type acceptance self-quotation 6400 yuan / ton, 3/8 type high 100 yuan / ton
    .

    Basis: As of 9.
    29, South China basis +162; East China basis +82; basis slightly weakened
    .
    Upstream raw materials: as of 9.
    29, the quotation of North China calcium carbide was 4095 yuan / ton, which was unchanged from the previous day's price; Shaanxi Lanchar quoted 1480 yuan / ton, no change
    from the previous day's price.

    At present, PVC fundamentals are relatively calm, and there is a slight increase in futures, but spot trading is not good
    .
    It is worth noting that the price of calcium carbide at the raw material end has risen slightly in some areas, and the current calcium carbide is low and the supply is slightly tight
    .
    From the perspective of raw materials, there is a basis
    for rebound in the short term.
    However, downstream PVC inventory is under pressure, but it inhibits calcium carbide demand, and the market is temporarily in a contradictory stage
    .
    Due to the rise in calcium carbide prices in some areas and the slight increase in the start of downstream product enterprises, combined with the current low valuation of PVC, the price may be in a stage of gradual stabilization
    .

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