echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    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
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the PVC V2109 contract reduced its position, and the futures price rose slightly, closing at 8925 yuan on the day, +5 yuan from the previous trading day; Volume 394200 lots, open position 417787 lots, -1747, basis 125
    .

    PVC

    News: 1.
    Affected by the suspension of production of many sets of devices and other factors, the overall supply of calcium carbide in Inner Mongolia is still relatively tight, and the price is also stable and rising, Wuhai, Shizuishangang area have an increase of 100 yuan, Shaanxi area also rose 80 yuan
    .
    Shandong rose by 150 yuan, Henan by 30-70 yuan
    .
    2.
    Last week, among the 31 sample calcium carbide enterprises of Longzhong Information, the production capacity involved 15.
    41 million tons, and the sample operating rate was 86.
    2%, down 1.
    6%
    from the previous week.
    The Ulanqab area has limited construction and reduced supply
    .

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

    Warehouse receipt inventory: 2312 warehouse receipts, -20 sheets
    .
    Main positions: Top 20 long positions 299640, -3236; short positions 267240, +508
    .
    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
    .
    In terms of operation, it is recommended that investors can set a take profit in their hands and hold
    them cautiously.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.