echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Weak fundamentals PVC futures price rebound is highly limited

    Weak fundamentals PVC futures price rebound is highly limited

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    As of 1.
    5 days, the northern off-season coupled with downstream production enterprises is about to take a holiday, weak fundamentals will inhibit the height of PVC futures price rebound, weak demand expectations are difficult to support the price to continue to rise, short-term must observe the effective decline of inventory; long-term need to pay attention to the implementation of economic and real estate policy packages
    .
    It is recommended to wait and see
    for now.

    PVC

    Futures market: as of 1.
    5 days, the main PVC closed at 6218 yuan / ton (-0.
    34%); Top 20 main long positions: 388523 (+9077) Short positions: 472519 (+9277); Net short position: 83996 (+909).

    Spot: as of 1.
    5 days East China (calcium carbide method) quotation: 6150 yuan / ton (0); South China (calcium carbide method) quotation: 62330 yuan / ton (0).

    Blue charcoal: as of 1.
    5 days Shaanxi 1366 yuan/ton (0).

    calcium carbide: as of 1.
    5 days North China 4130 yuan / ton (0).

    Viewpoint: The operating load of domestic PVC production enterprises continues to increase; There are no new maintenance enterprises, and the output of some low-load production enterprises in the early shutdown has increased this week; In terms of calcium carbide at the raw material end, the ex-factory price has risen in some areas, and the supply is tight, and the downstream is actively purchasing calcium carbide due to the burden of PVC production enterprises; Due to the high price resistance in the PVC spot market, the downstream pre-holiday stocking sentiment is not high, and as the Spring Festival approaches, downstream product companies have successively taken holidays, further weakening demand; Just need to weaken, the company inventory is expected to accumulate; Short-term weak fundamentals inhibit prices from moving higher, but macro long-term good expectations are still there, superimposed on calcium carbide, the downside is also limited; It is recommended to wait and see
    for now.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.