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Weakening demand is expected to be strong PVC futures prices are running weakly

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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As of 10.
13, PVC futures prices are running weakly; upstream starts continue to increase; demand is expected to weaken strongly; the spread of the epidemic has affected the production and sales of calcium carbide and PVC; the spot market is not trading well, and the wait-and-see mood is strong
.

PVC

Futures market: as of 10.
13, the main PVC closed at 6037 yuan / ton, down 2.
31% from the previous month; Top 20 main long positions: 424172 (+38203), short positions: 494998 (+58364), net short positions: 70826 (+18211).

Spot and enterprise dynamics: as of 10.
13, East China (calcium carbide method) quotation: 6330 yuan / ton (-30); South China (calcium carbide method) quotation: 6405 yuan / ton (-15); Shandong Xinfa PVC started normally, shipments were general, the price was reduced, and the 5 type factory reported 6250 yuan / ton; Formosa Plastics Ningbo 400,000 tons of PVC plant started about 90%, the intraday quotation is stable, the surrounding terminal delivery price: S60/S65 around the spot remittance to report 7100 yuan / ton, S70 around the spot remittance to 7200 yuan / ton, real order negotiation
.

Basis: As of 10.
13, South China basis +128; East China basis +113; basis strengthening
.
Upstream raw materials: as of 10.
13, North China calcium carbide quotation was 4210 yuan / ton, no change from the previous day's price; Shaanxi Lanchar quoted 1576 yuan / ton, no change
from the previous day's price.

PVC equipment started to pick up and approached the end of the peak season, market demand weakening expectations strengthened, domestic PVC spot market atmosphere weakened again, mainstream quotations in various places were mainly
lowered.
In the short term, it is necessary to pay attention to the problem of poor transportation of regional raw materials during the epidemic control period, and the low start of calcium carbide enterprises does not rule out that the raw material end has strong support
for prices.
However, high inventories and weak demand in the medium and long term still limit the height
of PVC prices.

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