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    Home > Chemicals Industry > New Chemical Materials > PVC volatility higher is in the rebound stage in the short term

    PVC volatility higher is in the rebound stage in the short term

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2105 contract increased its position, and the futures price fluctuated higher, closing at 719*0 yuan on the day, +175 yuan from the previous trading day; Volume 377602 lots, open position 413706 lots, +2613, basis -70
    .

    PVC

    News: Longzhong News reported on January 18: Last week's social inventory decreased by 4.
    82% month-on-month and 5.
    74% year-on-year; Among them, East China decreased by 5.
    60% month-on-month and 5.
    38% year-on-year; South China decreased by 0.
    43% month-on-month and 7.
    60%
    year-on-year.
    East China 123,000 tons, South China 23,100 tons
    .

    Longzhong data shows that the average weekly operating rate of PVC production enterprises in this cycle was 82.
    46%, a decrease of 0.
    35% from the previous month and an increase of 7.
    22%
    year-on-year.
    Among them, the operating rate of calcium carbide method was 84.
    99%, a decrease of 0.
    85% month-on-month and a year-on-year increase of 7.
    17%; The ethylene process operating rate was 72.
    49%, an increase of 1.
    60% month-on-month and 7.
    41%
    year-on-year.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7120 yuan / ton, +20
    .

    Warehouse receipt inventory: 12801 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 308825, -3695, short positions 282943, +3715
    .
    Net excess decrease
    .

    Summary: Hebei public health events affected transportation, calcium carbide shipments were not smooth, prices slightly retreated, and PVC cost support weakened
    .
    PVC plant maintenance decreased, Gulf Chemical and Yantai Wanhua operating rates increased, and market supply increased
    .
    Last week, social inventory decreased by 4.
    82% month-on-month and 5.
    74% year-on-year; With the approach of the Spring Festival and public health events, the enthusiasm of downstream goods has weakened, and the overall supply and demand pressure has gradually increased
    .
    PVC2105 contract KDJ indicator formed a golden cross to turn upward, indicating that the short-term is in the rebound stage, the market pays attention to the pressure
    in the 7200-7300 range.

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