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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices rose slightly, and the bullish pattern remained unchanged

    PVC futures prices rose slightly, and the bullish pattern remained unchanged

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2109 contract increased its position, and the futures price rose slightly, closing at 8985 yuan on the day, +105 yuan from the previous trading day; Volume 439382 lot, position volume 433124 lot, +15337, basis 65
    .

    PVC

    News: 1.
    Jinchuan Group's follow-up 60,000 tons/PVC production line project was successfully put into operation on April 22, and it is expected to be put on the market
    in May.
    At that time, Jinchuan Chemical will form an annual production capacity
    of 500,000 tons of PVC and 1,000 tons of high-purity dichloroethane.
    2.
    The domestic calcium carbide market price continues to rise
    .
    Affected by the current situation of calcium carbide short supply, the number of downstream trucks to be unloaded is generally low, approaching the May Day holiday, manufacturers have a positive purchasing attitude and successively raise the purchase price to attract supplies
    .
    Blue charcoal enterprises continue to reduce production, the market supply has not increased, and as calcium carbide supply exceeds demand and prices improve, the blue charcoal market will gradually improve
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9050 yuan / ton, +0
    .

    Warehouse receipt inventory: 3797 warehouse receipts, +1485 stocks
    .
    Main positions: Top 20 long positions 306867, +7227, short positions 275779, +8539
    .
    Net excess decrease
    .

    Summary: Formosa Plastics' increase in May shipping schedule quotations supported
    domestic prices.
    Domestic: the downstream is basically balanced, the operating rate of profile products is relatively good, although the order is not as expected, but for the time being, the current demand can still be guaranteed, and there is a certain replenishment demand
    .
    Domestic social inventories continue to decrease, and the inventories of production enterprises are low, indicating that their pressure is not great
    .
    The domestic PVC operating rate fell slightly last week, but it was still much higher than the same period last year, indicating that the market supply is sufficient
    .
    Due to the different acceptance of the terminal, the price adjustment plan of the large pipe factory in the early stage was suspended, indicating that the price transmission to the terminal was not smooth
    .
    At present, the V2109 contract fluctuates at a high level, and the bullish pattern has not changed
    .

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