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    Home > Chemicals Industry > New Chemical Materials > PVC rushes back down to focus on whether the upper pressure can be broken

    PVC rushes back down to focus on whether the upper pressure can be broken

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Wednesday, the PVCV2009 contract rushed back down, and the intraday volume reduced positions
    .
    The close of the day was 6510, +0.
    23% from the previous trading day; Volume 135159 lots, open position 150198 lots, -1691, basis 10
    .

    PVC

    News: 1.
    In June 2020, the apparent consumption of domestic PVC was 1.
    786 million tons, an increase of 0.
    76% from the previous month and an increase of 9.
    73% over the same period last year; From January to June, the cumulative amount was 10.
    147 million tons, an increase of 3.
    38%
    over last year.
    2.
    The total production capacity of domestic resumption and commissioning in the third quarter is 1.
    19 million tons
    .
    The enterprises that were overhauled in September included Taiwan Formosa Plastics and Tianjin LG, with a maintenance capacity of 800,000 tons and a maintenance day of 7-15 days
    .
    From the supply side, the coexistence of overhaul and new additions has weakened the impact
    of production to a certain extent.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6500 yuan / ton, +0
    .
    Warehouse receipt inventory: 338 warehouse receipts, +0
    .

    Main positions: Top 20 long positions 101704, -2137, short positions 112362, +460
    .
    Increased
    headroom.

    Summary: Asian demand is basically stable, and Formosa Plastics raised its quotation in August to support
    PVC.
    Domestically, the maintenance of domestic production enterprises continued
    .
    Market supply is expected to decrease, but imports rose sharply in June and domestic supply increased
    .
    In terms of demand, in June, the apparent demand for PVC continued to rise year-on-year, and was higher than the same period last year, indicating that downstream rigid demand is still there
    .
    Social inventories continued to fall, indicating that PVC downstream demand recovered well, supporting the price of PVC
    .
    The future market focuses on whether the pressure on the 6580 line can be broken
    .
    Operationally, it is recommended that investors trade in the range of 6420-6580
    .

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