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At present, PVC inventory is high, spot prices continue to decline, profit is obvious, PVC production enterprises have sufficient supply, low starts, inventory pressure is large, some enterprises have cost inversion phenomenon, although logistics and transportation around the country have eased, but downstream enterprises resume work slowly, some construction industry resumption time or will be extended to April, demand is difficult to improve
in a short period of time.
Under the weak market, the enthusiasm of enterprises to enter the market is low, the mentality of intermediate traders is negative, the pressure of shipment is greater, the trading volume of the PVC spot market is weak, the transaction is limited, and some production enterprises do not report, the market is long and short intertwined, and the PVC market is weak and difficult to change
.
As of February 21, the mainstream quotation range of domestic PVC is 6350-6600 yuan / ton
.
At present, the mainstream of PVC5 calcium carbide in Changzhou area is around 6220-6360 yuan / ton, the PVC5 calcium carbide range in Hangzhou is 6200-6360 yuan / ton for self-pickup, and the mainstream price of PVC ordinary calcium carbide in Guangzhou is around 6180-6220 yuan / ton, and the real transaction can be negotiated
.
Futures: PVC main V2005 contract fell slightly, closing at 6315 yuan / ton, +55 yuan from the previous trading day; Volume 103052 lots, +19215 lots; Position 207442 lots, +14539 lots, basis -45 yuan, -85 yuan; 5-9 spreads - 80 yuan, +25 yuan
.
News: In January 2020, the output of domestic PVC manufacturers was 1.
80012 million tons, an increase of 4.
94% from the previous month and 5.
30%
from the same month last year.
Industrial chain: Recently, the European and American ethylene markets are generally in a downward trend, the entire ethylene market demand is not good, and the market continues to decline
.
Operators pay more attention to the supply and demand situation
after the holiday.
In terms of calcium carbide, the return of funds from each plant is in good condition, the equipment maintenance is completed, the production capacity is rising, and the calcium carbide market is running
smoothly as a whole.
At present, PVC is in the off-season of the industry, coupled with the slow resumption of work of downstream enterprises, it is difficult to improve demand, and the PVC market is weak and difficult to change in a short period of time, and it is still necessary to pay attention to the macro and the resumption of work of
downstream enterprises.
