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    Home > Chemicals Industry > New Chemical Materials > The fundamentals are calmer PVC market wait-and-see sentiment is strong

    The fundamentals are calmer PVC market wait-and-see sentiment is strong

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 10.
    12, PVC futures prices showed a volatile trend; social financing exceeded expectations in September; the epidemic spread in northwest provinces; the overall start of calcium carbide at the raw material end was low, and the transportation of major producing areas was hindered to a certain extent; the spot market traded generally, and the wait-and-see mood was strong
    .

    PVC

    Futures market: as of 10.
    12, the main PVC closed at 6180 yuan / ton, down 0.
    68% from the previous month; Top 20 main long positions: 385975 (+17218), short positions: 438590 (+18060), net short positions: 52615 (+1224).

    Spot and enterprise dynamics: as of 10.
    12, East China (calcium carbide method) quotation: 6360 yuan / ton (-90); South China (calcium carbide method) quotation: 6420 yuan / ton (-125); Formosa Ningbo 400,000 tons of PVC plant started construction of about 90%, the intraday quotation is stable, the peripheral terminal delivery price: S60/S65 around the cash remittance report 7100 yuan / ton; Ningxia Yinglite's 220,000-ton PVC type plant started at full load and has a certain amount of inventory
    .
    The intraday quotation was stable, and the factory quotation of type 5 calcium carbide acceptance was 6200 yuan / ton
    .

    Basis: As of 10.
    12, South China basis -63; East China basis -48; basis slightly weakened
    .

    Upstream raw materials: as of 10.
    12, North China calcium carbide quotation was 4210 yuan / ton, up 60 yuan / ton from the previous day; Shaanxi Lanchar quoted 1576 yuan / ton, no change
    from the previous day's price.

    From the latest social finance data, macro sentiment has picked up slightly, but the year-on-year poor loan of residents and the impact of the epidemic on the terminal, the demand-side support is relatively limited
    .
    In the short term, due to the epidemic, the supply disturbance at the raw material end increased, resulting in an increase in the purchase price of
    calcium carbide.
    The raw material end gives strong price support
    .
    Overall, PVC fundamentals are calmer
    .
    Market expectations for the traditional peak season are lower
    .
    In the later stage
    , it is still necessary to pay attention to the changes in demand terminals and inventory changes.

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