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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices open high and fluctuate, and winter market demand will weaken

    PVC futures prices open high and fluctuate, and winter market demand will weaken

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2201 contract reduced its position, and the futures price opened high and fluctuated, closing at 8855 on the day, +186 yuan from the previous trading day; Volume 930042 lots, position volume 342172 lots, -20178, basis 745
    .

    PVC

    News: 1.
    Longzhong data statistics show that as of November 22, the domestic PVC social inventory was 143,100 tons, a decrease of 8.
    03% month-on-month and a year-on-year increase of 43.
    67%; Among them, East China was 112,100 tons, a decrease of 7.
    81% month-on-month and a year-on-year increase of 35.
    06%; South China was 31,000 tons, down 8.
    82% month-on-month and up 86.
    17%
    year-on-year.
    2.
    In October 2021, the apparent demand for domestic PVC was 1.
    6275 million tons, an increase of 5.
    81% month-on-month and a year-on-year decrease of 5.
    31%, and a cumulative total of 17.
    4592 million tons from January to October, an increase of 0.
    19% year-on-year, slowing down by 0.
    6% from the cumulative year-on-year growth rate of the previous month, and has been declining
    year-on-year for six consecutive months.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9600 yuan / ton, +100
    .

    Warehouse receipt inventory: 2384 warehouse receipts, -641 stocks
    .
    Main positions: Top 20 long positions 215194, -20722; short positions 221800, +802
    .
    Net multi-turn headroom
    .

    Summary: Last week, the operating rate of PVC production enterprises reported 75.
    57%, an increase of 0.
    82% month-on-month and a year-on-year decrease of 3.
    31%; PVC production increased slightly, 414,600 tons, an increase of 2.
    09% month-on-month and a year-on-year decrease of 0.
    87%.

    As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
    .
    Last week, the start of PVC downstream products enterprises was basically stable, the power rationing in East China was basically canceled, and enterprises adjusted production
    according to their own orders.
    Winter is coming, terminal demand is not good, and orders have not increased
    significantly.
    Demand is expected to weaken
    as the weather gets colder.
    As of November 22, the domestic PVC social inventory was 143,100 tons, down 8.
    03% from the previous month, indicating that the pressure on the supply side was not great
    .
    Intraday V2201 contract opened high and oscillated, showing pressure on it, support below, and the market will pay attention to the support of the 8580 line
    .

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