PVC: Futures closing price is equal to opening price, trend is relatively lonely, spot market is adjusted flexibly(December 24, 2024)
PVC futures analysis: Opening price of V2505 contract on December 24: 5348, highest price: 5363, lowest price: 5308, position: 790907, settlement price: 5334, yesterday's settlement: 5324, up 10, daily trading volume: 610963 lots, deposited funds: 2.96 billion, capital inflow: 26.92 million.
Comprehensive price list of each region: yuan/ton
PVC spot market: The mainstream transaction price of the domestic PVC market continues to adjust slightly, and the market changes flexibly according to shipments. From the comparison of valuations: among them, North China is stable, the high-end price in East China has increased by 20 yuan/ton, the price in South China has increased by 30 yuan/ton, the price in Northeast China has increased by 10-30 yuan/ton, the price in Central China is stable, and the price in Southwest China is stable. There was no significant adjustment in the ex-factory prices of upstream PVC manufacturers. Only a few companies slightly increased the price by 10 yuan/ton. The futures prices were adjusted in a narrow range. The quotations in various regions of the spot market were relatively flexible, and prices in some regions continued to adjust slightly. The basis did not change much. The basis quotations in East China were 05 contracts-(350-400), 05 contracts in South China-(230-250), 05 contracts in the North-(550-580), and some sources in the Southwest were 05 contracts-(650-810). Overall, there was almost no transaction support for the high prices in the spot market today. The downstream purchasing enthusiasm was not high, and the basis quotations did not have obvious price advantages under the current futures price. Some companies temporarily waited and watched, and the spot transactions were weak.
PVC market outlook:
Spot: At present, from the basic level of PVC, the cost port calcium carbide price has declined slightly, and there are no obvious changes in the supply and demand level. The operating load of PVC units is temporarily stable, and Henan is slightly unstable. However, even if there are certain small variables at the supply port, the impact on the price is small. There are still certain constraints on demand, and the active off-season characteristics are obvious. In addition, the domestic market has not yet reached the period of stockpiling. In addition, after the transfer of warehouses and the change of months, the operation of the 05 contract is still under certain pressure. On the foreign market, international oil prices have fallen because the market is worried about the oversupply of crude oil next year and the strengthening of the US dollar. However, trading is sluggish because the Christmas holiday is coming. Last Friday, US data showed that inflation has cooled down. Overall, in the short term, the price of the PVC spot market continues to maintain a small adjustment trend.
Domestic PVC Index: According to Tuduoduo data, the domestic calcium carbide method PVC spot index was 4995.67 on December 24, up 10.83, a range of 0.217%. The ethylene method PVC spot index was 5268.10, up 11.53, a range of 0.219%. The calcium carbide method index rose, the ethylene method index rose, and the ethylene method-calcium carbide method index price difference was 272.43.
