PVC: Futures bottomed out and closed at the positive column. The market volume changed little, and the spot market rose slightly.

PVC futures analysis: March 12 V2405 contract opening price: 2870, highest price: 5935, lowest price: 5865, position: 844674, settlement price: 5903, yesterday settlement: 5873, up: 30, daily trading volume: 701871 lots, precipitated capital: 3.504 billion, capital inflow: 42.5 million.

 

List of comprehensive prices by region: yuan / ton

Area	March eleventh	March 12th	Rise and fall	Remarks
North China	5530-5590	5580-5630	50/40	Send to cash remittance
East China	5570-5670	5640-5710	70/40	Cash out of the warehouse
South China	5600-5660	5640-5680	40/20	Cash out of the warehouse
Northeast China	5510-5660	5510-5660	0/0	Send to cash remittance
Central China	5530-5590	5580-5630	50/40	Send to cash remittance
Southwest	5480-5620	5480-5620	0/0	Kuti / send to

 

PVC spot market:    China PVC market mainstream transaction prices rose slightly, showing a certain upward trend. Compared with the valuation, it rose 40-50 yuan / ton in North China, 40-70 yuan / ton in East China, 20-40 yuan / ton in South China, stable in Northeast China, 40-50 yuan / ton in Central China, and stable in Southwest China. The ex-factory price of upstream PVC production enterprises tentatively rose slightly by 20-30 yuan / ton, most enterprises wait and see, and the first generation of contracts are mainly based on basic quantity, and there is no obvious volume signing. The futures market rebounded slightly, and the price offer of the spot market traders was slightly higher than that of yesterday. With the rise of the futures price, there is no price advantage, but the spot market price still coexists with the spot market price. Among them, East China basis offer 05 contract-(230-250), South China 05 contract-(150-200), North 05 contract-(500-540), Southwest 05 contract-(300). Downstream procurement spot enthusiasm is not high, some of the price a small amount of transaction, the transaction atmosphere is light.

 

Futures point of view:   PVC2405 contract night trading price opened in a narrow range of volatility, night futures prices rose slightly is not obvious. Futures prices rose further after the start of morning trading and then sorted out above 5900, and continued to rise slightly in late afternoon trading. 2405 contracts range from 5865 to 5935 throughout the day, with a spread of 70,05,848 positions and 844674 positions so far. The 2409 contract closed at 6071, with 177010 positions.

 

PVC Future Forecast:

Futures: & the operation of nbsp; PVC2405 contract futures shows an obvious rebound trend from the low point, and the low range shows a upward trend compared with yesterday, and there is no further downward trend, as we expected the low range is not sustained and the lower support is strong. Judging from the current time node, the expectation still exists, so the short sellers will not stay. The technical level shows that the opening of the three tracks of the Bolin belt (13, 13, 2) narrows obviously, the daily KD line white line is close to the yellow line, the dead fork trend shrinks, and the trend of MACD also turns. As a whole, the operation of futures prices in the short term may still show a certain pressure above and a trend of support below. Observe the performance in the range of 5850-6000.

 

Spot aspect:    period the two cities have been in a state of small consolidation recently, regardless of the rise and fall have been a small range of adjustment pattern. After the futures price goes down, there is a deal at the spot price, and after the futures price goes up, there is a small amount of transaction at a low price, but it is only reflected in the procurement of rigid demand. at present, there are still few variables of supply and demand. Although the expectation of the industrial chain exists, there is still a lack of fuse for the mismatch between supply and demand and the normalization of social inventory, and it is difficult to produce obvious stimulating factors to generate speculative demand. The price of crude oil fell slightly on the outside as supply concerns in the Middle East eased and US economic data were mixed. Oil investors seem to have ignored geopolitical conflicts that were initially seen as the cause of tighter global crude oil supplies. Some analysts say tensions in the Middle East have not led to influential supply disruptions. On the whole, the spot operation of PVC in the short term is still dominated by a narrow adjustment mode.

 

PVC spread arbitrage analysis:

Arbitrage Analysis of PVC spread
PVC	Contract price difference	March eleventh	March 12th	Rate of change
	V2405 collection	5860	5926	66
	Average spot price in East China	5620	5675	55
	Average spot price in South China	5630	5660	30
	PVC2405 basis difference	-240	-251	-11
	V2409 collection	6011	6071	60
	V2405-2409 close	-151	-145	6
	PP2405 collection	7470	7436	-34
	Plastic L2405 collection	8177	8166	-11
	V--PP basis difference	-1610	-1510	100
	Vmure-L basis difference of plastics	-2317	-2240	77

 

China PVC Index:     according to Tuduoduo data, China calcium Carbide PVC spot index rose 37.88, or 0.677%, to 5631.87 on March 12. The ethylene method PVC spot index was 5942.15, up 8.55%, with a range of 0.144%. The calcium carbide method index rose, the ethylene method index rose, and the ethylene-calcium carbide index spread was 310.28.

 

PVC warehouse receipt daily:

Variety	Warehouse / branch warehouse	3.11 warehouse orders	3.12 warehouse orders	change
Polyvinyl chloride	China Reserve shares	2,104	1,702	-402
	Guangzhou materials	402	0	-402
	China Central Reserve Nanjing	1,702	1,702	0
Polyvinyl chloride	Cosco sea logistics	1,936	1,786	-150
	Zhenjiang Middle and far Sea	1,522	1,372	-150
	Middle and far sea in Jiangyin	414	414	0
Polyvinyl chloride	Zhejiang International Trade	121	0	-121
Polyvinyl chloride	Peak supply chain	2,413	2,062	-351
Polyvinyl chloride	Jiangyin Xiefeng	2,375	1,983	-392
Polyvinyl chloride	Benniu Port, Changzhou	18,882	18,482	-400
Polyvinyl chloride	Hangzhou port logistics	153	0	-153
Polyvinyl chloride	Jiangsu Zhengsheng	3,080	3,080	0
Polyvinyl chloride	Quick biography of Xiangyu in Shanghai	84	84	0
Polyvinyl chloride	Changxing, Zhejiang	639	329	-310
Polyvinyl chloride	Jiangsu Yanjin	3,602	1,911	-1,691
Polyvinyl chloride	Xiamen Xiangyu (Benniu Port)	300	300	0
Polyvinyl chloride	Xiamen Xiangyu (Shanghai Xiangyu)	230	230	0
Polyvinyl chloride	Zhejiang tomorrow (Benniu Port)	1	1	0
Polyvinyl chloride	Zhejiang tomorrow (Zhejiang International Trade)	120	120	0
Polyvinyl chloride	Products Zhongda Chemical Industry (Benniu Port)	686	686	0
Polyvinyl chloride	Products Zhongda Chemical Industry (Railway Changxing)	300	300	0
Polyvinyl chloride	Yongan Capital (Benniu Port)	1,200	1,200	0
Polyvinyl chloride	Specialty petrochemical (Benniu Port)	2,399	2,399	0
Polyvinyl chloride	Specialty Petrochemical (Zhejiang International Trade)	165	165	0
Polyvinyl chloride	Sino-Thai Duojing (Zhejiang International Trade)	1,238	1,238	0
Polyvinyl chloride	Sinotrans East China	1,599	1,599	0
Polyvinyl chloride	Tiantai International Trade (Benniu Port)	440	440	0
PVC subtotal		44,067	40,097	-3,970
Total		44,067	40,097	-3,970

 

PVC long bears hold the list of bulls:

 

The information provided in this report is for reference only.