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    Home > Chemicals Industry > Rubber Plastic News > The main bulls took profit and left the PVC futures price and fell after peaking

    The main bulls took profit and left the PVC futures price and fell after peaking

    • Last Update: 2022-08-21
    • Source: Internet
    • Author: User
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    Last week, PVC futures prices fell back after peaking, but were supported at the 20-day moving average and the previous rebound high


    .


    In terms of volume positions, as of December 6, the trading volume of V2001 contracts and V2005 contracts was 231,304 lots, a decrease of 287,942 lots or 55.
    45% compared with when the price bottomed out on Dec.
    2; open interest was 550,118 lots, compared with Dec.
    2.
    A decrease of 123848 lots, a decrease of 18.
    38%; the turnover rate was 0.
    4205%, a decrease of 0.
    35 percentage points from December 2


    .


    In terms of margin stock, as of December 6, the capital stock of V2001 contracts and V2005 contracts was 1,813.
    06 million yuan, a decrease of 463.
    31 million yuan or 20.
    35% from December 2


    .


            In terms of main positions, as of December 6, the top 20 long positions of V2001 and V2005 contracts were 202,821 lots, the top 20 short positions were 201,196 lots, and the net long positions were 1,625 lots, compared with 11,147 lots on Dec.
    2.
    Net significant decline


    .


            To sum up, through the analysis of the positions, it is found that the PVC futures price is accompanied by the contraction of the trading volume and the open interest in the process of falling, while the main open interest of the bulls has decreased significantly, indicating that the decline of the PVC price is largely caused by the active departure of the bulls.
    Due to the location, although it will not continue to fall in the later period, it is also difficult to climb the previous high


    .


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