Check more PVC industry information, welcome to follow the headline account of "Zhongshulian"/Tiktok account.
Spot Market
Today, the market prices of domestic PVC mainstream regions fell, futures fluctuated and lowered, and the source of point-price goods showed advantages. Downstream factories were on holiday one after another, and the market price rose slightly. There were concessions for more actual orders. Some downstream companies looked for low and appropriate amounts of replenishment, and the overall transaction was light. Today, the new quotes of PVC manufacturers in some regions were raised by 100 yuan/ton, the price of calcium carbide continued to fall, the profits of PVC external calcium carbide manufacturers improved, Shandong lost 250-300, and Inner Mongolia made a profit of 300-400; Formosa Plastics, Taiwan, announced its February PVC sales quotation, CFR India fell 100 at US$1,490/ton month-on-month, and CFR China fell 100 at US$1,260/ton, and the Asian market quotation is expected to follow the downward trend this week.
-by-regional perspective, the mainstream price of Type 5 in North China is between 8400-8500 yuan/ton, the market supply is not large, and the quotation in the morning rose, but the futures adjusted and the market transactions were poor.
The mainstream price of Type 5 in East China is between 8550-8650 yuan/ton. The market quotation rose in the morning, but the futures fell back, and the focus of the transaction in the afternoon was low. The source of point prices has advantages, and the market transactions are average.
The mainstream price of Type 5 in South China is between 8550-8650 yuan/ton, and the market price is slightly lowered from 50 yuan/ton. The source of goods is advantageous, and the downstream replenishment is appropriate when the price is low before the festival.
Futures Market
As of press time, V2205 opened 8776 yuan/ton today, closing at 8575 yuan/ton, down 0.83%, trading range 8551-8778 yuan/ton, settlement price: 8629, yesterday's settlement price: 8647, transactions of 1.129 million lots, and positions decreased by 36,900 to 418,000 lots.
Zhongshulian Views
Recently, the pessimism in the real estate industry is dissipating. At the same time, the strong performance of crude oil prices and the expectation of lowering the reserve requirement ratio and interest rate cuts boosted market sentiment. Previously, the market was worried about lancharcoal production in Shaanxi, which brought about certain expectations of rising costs. Last week, the market showed a volatile rebound trend. However, PVC's own supply and demand are not too optimistic. The equipment is currently operating normally, there are not many maintenance companies, and the overall supply of the market is basically abundant. As the Spring Festival approaches, urgent demand may further weaken. Under the pressure of supply and demand accumulation, the spot stock still has the risk of a seasonal decline. However, the cost of calcium carbide and external calcium carbide method is relatively high, and it still has a marginal cost support effect. In the short term, market drive is still limited, but the near-end market sentiment is relatively warm and is expected to maintain range fluctuations.
International
China Taiwan Formosa Plastics announced that its February PVC quotation was reduced by US$100/ton month-on-month. On January 17, Formosa Plastics, Taiwan, announced its February PVC sales quotation. CFR India fell 100 USD 1,490/ton month-on-month, CFR China fell 100 USD 1,260/ton, and CFR Southeast Asia fell 100 USD 1,330/ton.
Affected by the reduction of PVC quotation in February, Taiwan Formosa Plastics, Asian market prices are expected to follow the decline this week.
Upstream raw materials
htmlOn January 17, the market for calcium carbide was still weak. At present, the supply and demand for calcium carbide is slightly loose. Affected by the epidemic in some regions, logistics and transportation are restricted, and some are under shipment pressure, and the market mainly sells for profits and transactions.Calcium carbide: The price of Wuhai calcium carbide is 4375 yuan/ton, down 25; the price of Shandong calcium carbide is 4935 yuan/ton, down 50.
alkali: Caustic soda tablet alkali began to rebound continuously in mid-December. Shandong's 32% caustic soda was 915 yuan/ton, down 15; Inner Mongolia's 99% alkali tablets were 3100 yuan/ton, stable.
htmlOn January 14, the Asian ethylene market fell partly, CFR Northeast Asia quoted US$946-956/ton, down US$25/ton, and CFR Southeast Asia quoted US$961-971/ton.Upstream start of construction
This week, the PVC start load continued to drop slightly, as new parking and maintenance of Zhonggu Mining and Sichuan Jinlu were added this week, but the ethylene method enterprises started to increase. According to Zhuochuang Information data, as of January 13, the overall start-up load of domestic PVC was 75.55%, a month-on-month decrease of 0.8 percentage points.
Downstream of South China started construction
Inventory
1.14 In the week, social inventory increased.
East China was 134,000, an increase of 12,600 month-on-month; an increase of 26,400 year-on-year;
South China was 30,600, a decrease of 4,300, a decrease of 10,100 year-on-year;
East China plus South China was 164,600, an increase of 83 month-on-month; an increase of 36,500 year-on-year (Zhuochuang)
As of January 14,
East China was 131,500 tons, an increase of 14,000 tons month-on-month, an increase of 8,500 tons year-on-year;
South China was 44,000 tons, a decrease of 4,000 tons month-on-month, an increase of 20,900 tons year-on-year;
East China plus South China was 44,000 tons month-on-month, a decrease of 4,000 tons month-on-month, an increase of 20,900 tons year-on-year;
East China plus South China was 44,000 tons month-on-month, a decrease of 4,000 tons year-on-year;
East China plus South China was 20,900 tons year-on-year; 175,500 tons, an increase of 10,000 tons month-on-month and an increase of 29,400 tons year-on-year (Longzhong)
05 long and short positions
05 net long short positions
[Disclaimer] The above content is for reference only. Zhongshulian will not bear any legal responsibility for the authenticity, accuracy, completeness and views it holds.
#PVC# #Formosa Plastic# #Plastic# #Plastic# #Futures# #Trade#
