market performance
| 9-16 | Close price | On the day's rise and fall | Five-day rise and fall |
|---|---|---|---|
| PVC | 6278.00 yuan/ton | -1.12% | html l9-2.49%
within 1 news
September 16th PVC mainstream spot price changes
According to Tonghuashun iFinD data, on September 16th, the mainstream spot price quote for the PVC mainstream spot price of PVC on September 16th was 6446.67 yuan/ton, a decrease of 54.76 yuan/ton from the previous trading day.
variety fundamentals
According to Tonghuashun iFinD data,
On September 16, the spot price of PVC in East China was 6446.67 yuan/ton, which was 168.67 yuan/ton compared with the main futures price (6278.00 yuan/ton).
institutional view
Nanhua Futures: PVC supply returns, inventory accumulation
This week, pvc East China cumulative inventory is about 10,000 tons, factory inventory increases by 2% month-on-month, pre-sale orders decrease by 5%, social warehouses and factories are both cumulative, and the table needs to weaken. The mainland quotation for Formosa Plastics CFR fell to 840, and the market price was about within the market. Considering the highest point of the market during the week, the basis has been close to the import window, and the overall position is relatively high, giving a strong short-selling safety margin. Moreover, the PVC operating rate has increased significantly this week, and the time when the supply is lowest has passed. Therefore, this week, PVC was obviously focused on by funds, with 80,000 positions increasing for two consecutive days and falling. Moreover, although the downstream construction has resumed, terminal orders are still relatively sluggish. The demand represented in the early stage may be more corresponding to the supplement of invisible inventory. Once this round of replenishment is over, the market may be reversed. Overall, we still maintain a short view of the 01 contract.
