In terms of futures: the intraday price of the PVC05 contract rose sharply, successfully breaking the 9300 mark and rising by as much as 500 points in the day. On the first trading day after the Spring Festival, the open 22.5% was significantly higher than the 6.0% open, and the 7.1% open was also greater than 2.3%. The bullish sentiment in the futures market was high. The rise in futures prices originated from the eve of the Spring Festival. The funds left the market before the holiday and returned and rose on the first day after the holiday. Before the Spring Festival, there was continuous good news in the external market, and crude oil prices rose sharply. From the current fundamental shape and technical aspects, it shows that PVC is in a long arrangement. Therefore, we recommend shorting cautiously in terms of operation, and a small amount of callbacks can participate in the layout of long orders, and pay attention to the 9600 mark of the 05 contract. Spot: First, let’s look at the cost of Calcium Carbide method and ethylene method: the receiving price of calcium carbide will still be lowered after the holiday, and the receiving price of chlor-alkali enterprises will continue to lower the price, so it is slightly negative from this aspect, but the VCM monomer Taixing Xinpu has increased its ex-factory price by 300 to 8200. -8250 (acceptance) monomer prices rose sharply. Crude oil futures rose for the seventh straight week, with U.S. benchmark crude futures hitting their highest settlement level since September 2014 as a severe winter storm ravaged the U.S., fueling supply concerns. The sharp rise in crude oil triggered a good start for the domestic futures market on the first day of trading. Many varieties rose by a considerable amount, and PVC also rose sharply, which led to a larger increase in the spot market. Therefore, based on this aspect, it has formed a good support and driving effect for spot PVC. At present, part of the downstream is still in the holiday period. As time goes on, after the rework, it is expected that the spot on-site trading will gradually become active. Therefore, we believe that the spot price is easy to rise and difficult to fall. Affected by the cold winter in the outer disk, the power supply in Tennessee, Arkansas and Texas in the United States is tight, while the Formosa Plastics US chlor-alkali plant is in Texas, the precondition for the rise in crude oil prices and the impact of the start of the outer disk device. Next, the outer plate of PVC may increase. Therefore, in the short term, we believe that the spot price will continue to run well, and the price will continue to rise.
We have done chemical products for over 30years. Our main products include PVC Resin, CPE, TIO2, Pe Wax, Paraffin Wax, Stabilizer, Stearic Acid ETC.
