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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fluctuated weakly, and there were no obvious bright spots in market demand

    PVC futures prices fluctuated weakly, and there were no obvious bright spots in market demand

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 9.
    20, PVC futures prices weakened
    .
    New construction area of real estate hit a record low; Supply picked up slowly; There are no obvious bright spots in peak season demand, and the flexibility of downstream improvement is limited
    .

    PVC

    Futures market: as of 9.
    20, the main PVC closed at 6133 yuan / ton, down 0.
    37% from the previous month; Top 20 main long positions: 383349 (+15698), short positions: 457837 (+16106), net short positions: 74488 (+574).

    Spot and enterprise dynamics: as of 9.
    20, East China (calcium carbide method) quotation: 6360 yuan / ton (-20); South China (calcium carbide method) quotation: 6465 yuan / ton (-25); The 400,000-ton unit of Ningxia Jinyuyuan PVC new plant began maintenance on September 18, and it is planned to take about
    10 days.
    The intraday quotation was lowered by 50 yuan / ton, and the 5-type calcium carbide acceptance factory was 6050-6100 yuan / ton; Ningxia Yinglite's 120,000-ton PVC5 unit began maintenance on September 13, completed on September 19, and began to overhaul the type 3 unit
    on September 19.
    At present, the quotation is stable, and the factory quotation of type 5 calcium carbide acceptance is 6200 yuan / ton
    .

    Basis: as of 9.
    20 South China basis +332, East China basis +227; basis unchanged
    .

    Upstream raw materials: as of 9.
    20, the quotation of North China calcium carbide was 4060 yuan / ton, which was no change from the previous day's price; Shaanxi Lanchar quoted 1436 yuan / ton, no change
    from the previous day's price.

    The real estate data in August was still sluggish, and the overall confidence in the real estate market was poor, among which the "monthly growth rate of new construction area in August" hit a record low
    .
    In addition, the capital status of real estate has not improved much, and the overall situation of the real estate market is still grim
    .
    In the case that real estate cannot provide support this year, with the short downstream product peak season passing, the expected support of PVC traditional peak season has weakened at the margin, superimposed device restart, inventory increase and other factors, PVC has returned to weakness
    .

    From the perspective of the domestic and foreign economic situation and the fundamentals of PVC itself, the PVC price operation is pessimistic, but considering that the current price valuation is low, and the futures price operation is easily affected by the overall market atmosphere, it tends to treat the futures price operation with "wait and see"
    .

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