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    Home > Chemicals Industry > New Chemical Materials > Weak fundamentals PVC spot does not have a basis for a big rise

    Weak fundamentals PVC spot does not have a basis for a big rise

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    The overnight PVC V2205 contract opened at 8555, with a high of 8647, a low of 8490, and a closing price of 8566, up 3, or 0.
    04%.

    The trading volume was 1.
    129 million lots, an increase of 374,000 lots
    .
    The position volume was 413,000 lots, a decrease of 5,152 lots
    .

    PVC

    The atmosphere of the PVC market is calm, the futures are mainly volatile, the spot part of the transaction is improved, and the price of the mainstream market in various places has not changed much
    .
    The ex-factory price of calcium carbide in Ningxia and Wuhai increased by 50 yuan / ton, and the terminal purchase price of calcium carbide remained stable
    .
    The downstream cautious wait-and-see mentality is heavier, and it continues to maintain bargain hunting
    .

    As of February 24, the weekly data showed that PVC starts increased slightly to 80.
    5%, up 0.
    01% month-on-month and -4.
    12%
    year-on-year.
    Type 5 calcium carbide, East China mainstream spot exchange self-pickup 8550-8630 yuan / ton, South China mainstream spot exchange self-pickup 8530-8630 yuan / ton, Hebei cash exchange 8500-8550 yuan / ton, Shandong current remittance 8550-8630 yuan / ton
    .

    Overall, futures supported by around 8500 in a volatile finishing trend, the night Wenhua commodity index was suppressed around 216.
    6 and fell back, the building materials sector continued to run weakly, PVC fundamentals were weak in reality, spot did not have a basis for a big rise, futures rebounded to around 8700 under pressure to fall, and the technical side still focused on support around 8500
    .

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