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PVC price shock in the short term, many still occupy the advantage

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PVC price shock in the short term, many still occupy the advantage

PVC V2201 contract volume increase on Monday, the futures price shock higher, the day closed 9300, compared with the previous trading day +175 yuan; Turnover 510348 lots, positions 441113 lots, +44092; The basis of 120.
News: 1, Data show: as of August 29, the domestic PVC social inventory in 137,700 tons, 4.68%, year-on-year to 47.18%; Among them, east China was 105,700 tons, 4.09% from the previous month, down 51.95% year on year; In South China, it was 32,000 tons, 4.68% on a sequential basis and 47.18% on a year-on-year basis. 2. Longzhong News reported on August 30 that Yantai Wanhua 400,000-ton PVC plant started normal operation. On August 31, the auction transaction of PVC WH1000F products was held. South China bidding for parts of the Pearl River Delta region to the price, supplier delivery.
Warehouse receipt inventory: 1147 warehouse receipt, minus 0. Main positions: top 20 long positions 311661, +28926; Short position 284584, +26206. Net increase.
Conclusion: PVC utilization rate decreased last week, and the supply of PVC market decreased. But the domestic PVC social inventory has been rising for two consecutive weeks, indicating that the market supply is sufficient. Last week PVC downstream products enterprises start little change, demand is tepid. Among them, soft products, medical products start relatively acceptable, profile, pipe and plate hard products enterprises start relatively low, some enterprises said that terminal orders are insufficient. Recent strong coal trend is expected to form a certain support for PVC. Intraday V2201 contract concussion rebound, shows that in the short term many still occupy the advantage.

Pub Time : 2021-08-31 11:41:49 >> News list
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