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    Home > Chemicals Industry > New Chemical Materials > There is no major positive in the macro area, driving PVC prices to be weak and bottoming out

    There is no major positive in the macro area, driving PVC prices to be weak and bottoming out

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of July 14, the US CPI index updated its largest increase since 1981, US inflation continued to rise, and the market expected the Fed tightening to continue to rise
    .
    Domestic PVC rushing back down prices are still in the process of
    bottoming down.
    At present, there is no major positive drive in the macro aspect, and PVC prices are still in the process of
    weak bottoming.

    PVC

    As of July 14, the main PVC closed at 6223 yuan / ton (0%); Top 20 main long positions: 334457 (-9475), short positions: 410144 (-10984), net short positions: 75687 (-504).

    Futures continued to decline to suppress the spot market atmosphere, traders offered loosely, downstream demand did not improve significantly, terminal reception was weak, and the overall trading was poor
    .

    Spot market: as of 7.
    14 East China (calcium carbide method) quotation: 6400 yuan / ton (+80); South China (calcium carbide method) quotation: 6475 yuan / ton (+35).

    Blue charcoal: as of 7.
    14 Shaanxi 1500 yuan / ton (0).

    calcium carbide: as of 7.
    14 days North China 4225 yuan / ton (0).

    Opinion: The US CPI index exceeded market expectations, and the Fed's hawkish attitude remained firm
    .
    Domestic PVC prices continue to be weak; Downstream demand continues to be weak; The start of enterprises remains at a low level, maintains the purchase of rigid needs, and has a strong willingness to wait and see; Futures run at weak prices to find the bottom
    .

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