PVC main contract fell yesterday. The opening price of v09 contract was 7200, the closing price was 6996, the highest price was 7217, and the lowest price was 6932, down 3.64%. The position was 586100 hands, and the position was increased by 25100 hands. The basis is maintained, and the basis quotation of East China type 5 PVC is v09+ 80~140. The focus of spot quotation moved down, with the carbide method falling by 180-200 yuan / ton and the ethylene method falling by 0-50 yuan / ton. At present, the transaction price of the mainstream one port in East China is 7120 yuan / ton. Yesterday, the overall transaction market was normal and weak, with traders’ transactions 19.56% lower than the daily average volume and 6.45% weaker month on month.
Weekly social inventory increased slightly, with sample inventory of 341100 tons, an increase of 5600 tons month on month, including 292400 tons in East China, an increase of 3400 tons month on month, and 48700 tons in South China, an increase of 2200 tons month on month. According to market news, petkim’s annual production capacity of 157000 tons of PVC in Turkey on July 1 was stopped due to force majeure. At present, V supply is under centralized maintenance, export delivery is stable, social inventory continues to accumulate slightly, domestic demand has not improved for the time being, the market resonates with pessimism, and follow-up attention is paid to the downstream recovery.
Post time: Jul-05-2022