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    Home > Chemicals Industry > New Chemical Materials > Weak fundamentals PVC futures price volatility

    Weak fundamentals PVC futures price volatility

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    As of 11.
    30, PVC futures prices fluctuated; the macro market atmosphere gradually improved; the epidemic prevention policy became stricter; the price of calcium carbide market rose in some areas; the export window was closed; the spot demand was not good, and local profits were shipped
    .

    PVC

    Futures market: As of 11.
    30, the main PVC closed at 5975 yuan / ton (+.
    .
    0.
    15%); Top 20 main long positions: 283963 (-10280) Short positions: 295430 (-19667); Net position: 11467 (-9554).

    Spot: as of 11: 30-day East China (calcium carbide method) quotation: 5960 yuan / ton (-30); South China (calcium carbide method) quotation: 6045 yuan / ton (-10).

    Blue charcoal: as of 11.
    30, Shaanxi 1322 yuan / ton (0).

    calcium carbide: as of 11.
    30 days North China 4165 yuan / ton (0).

    PVC itself fundamentals are weak, on the one hand, supply is expected to rise, on the other hand, domestic demand is weak, and the risk of accumulation in the off-season still exists
    .
    And the rise in prices has led to the opening of import windows, impacting the domestic market
    .
    At present, PVC valuation is still under pressure
    in the short term.
    In the later stage, it is necessary to pay attention to the inflection point of inventory and the start of
    downstream product enterprises.
    In the short term, the space above PVC is limited
    .

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