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Yesterday's PVC futures price rose sharply, the intraday high touched 8772 yuan, the midday futures price retreated, and the night futures price returned to 8700 yuan first-line oscillation
.
At present, the PVC market is still in the game stage of weak reality and strong expectations, and the result is a sharp weakening of the basis, yesterday the PVC basis in East China weakened at about 100 points, and some low-end materials even had negative basis
.
With the sharp rise in futures prices yesterday, the market's optimistic expectations have been greatly released, and the short-term momentum to continue to rush higher is insufficient, and the probability of maintaining a high level of volatility in the near future is large, so be wary of the risk of
fallback.
This week, the manufacturer's operating load increased slightly, and the market gradually entered the maintenance season
.
The domestic PVC market fluctuated in a narrow range, and trading was tepid
.
The price of raw material calcium carbide is running at a low level, the cost of PVC is generally supported, the PVC supply side is still overhauled, and domestic demand is expected
to recover.
The macro sentiment has improved recently, and the price of PVC futures has recently rebounded, and it is expected that the follow-up market wait-and-see intention will weaken slightly compared with the previous period
.
However, in the short term, most of the downstream demand-side procurement still intends to continue to replenish goods, and the overall enthusiasm for stocking is difficult to increase
significantly.
On the whole, the demand side is still expected to improve in June, and the overall recovery of the demand side in April and May is less than expected, and demand may appear to a certain extent in June, but there is still great uncertainty
about the timing and strength of the current replenishment.
On the whole, short-term PVC fundamentals may improve, and the price center of gravity has shifted
.
The State Council presided over the national economic market meeting, various favorable policies accelerated the implementation, enhance market confidence, Shanghai and Beijing resumed work and production, the impact of the epidemic was further reduced, market sentiment recovered, PVC futures soared, and market expectations need to be fulfilled step by step, it is still necessary to observe the implementation of policies, and it is not recommended to chase up
.
