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    Home > Chemicals Industry > New Chemical Materials > PVC prices are strong, volatile operation, downstream demand is still sluggish

    PVC prices are strong, volatile operation, downstream demand is still sluggish

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of 9.
    6, PVC futures prices are running strongly
    .
    At present, the supply side has started to pick up, the epidemic and power rationing problems have gradually eased, the upstream factory warehouse and social inventory continue to be at a high level, and the overall supply of goods is relatively abundant; Downstream demand is still sluggish, and although the "guaranteed delivery" policy is expected to be good, it has not improved significantly for the time being
    .

    PVC

    Futures market: as of 9.
    6 days, the main PVC closed at 6405 yuan / ton, up 0.
    02% from the previous month; Top 20 main long positions: 271507 (-952), short positions: 305259 (+7302), net short positions: 33752 (+8232).

    Spot and enterprise dynamics: as of 9.
    6, East China (calcium carbide method) quotation: 6570 yuan / ton (0); South China (calcium carbide method) quotation: 6680 yuan / ton (0); Xinjiang Zhongtai Chemical PVC plant Midong plant parking, Fukang plant started 7-8 percent, currently maintaining pre-sale, 5 calcium carbide East China wire transfer library quotation at 6800 yuan / ton; Formosa Ningbo's 400,000-ton PVC plant began to stop for maintenance on August 25, put on September 6, and is expected to be discharged on September 7; The 400,000-ton PVC unit of China Salt Inner Mongolia Chemical Industry started 7-80%, and the factory quotation of type 5 calcium carbide acceptance was 6350 yuan / ton
    .

    Basis: As of 9.
    6, South China basis +275; East China basis +165; basis slightly weakened
    .
    Upstream raw materials: as of 9.
    6 days, the quotation of North China calcium carbide was 4090 yuan / ton, no change from the previous day's price; Shaanxi Lanchar quoted 1516 yuan / ton, no change
    from the previous day's price.

    With the easing of the impact of power cuts, high temperatures, and the epidemic, the overall operating level of the PVC industry has rebounded, and the demand side is facing a test
    again after the supply side recovers.
    Although the current demand has gradually entered the traditional peak season, whether the "guaranteed handover building" can give greater support to the current sluggish demand for PVC needs to be viewed
    with caution.
    Considering the year-on-year high inventory level, although the opportunity for demand speculation is not ruled out in September, it is feared that the lack of inventory will drag down the price
    .
    In summary, maintain a cautious view on the current PVC price operation, and treat it as "range shock" for the time being
    .

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