PVC: Futures soared and connected to the three cities, a large amount of capital flowed in, and the spot market continued to increase

PVC Futures Analysis:September 30th V2501 contract opening price: 5550, highest price: 5823, lowest price: 5529, position: 756662, settlement price: 5688, yesterday settlement: 5532, up 156, daily trading volume: 1465967 lots, precipitated capital: 3.949 billion, capital inflow: 733 million.

List of comprehensive prices by region: yuan / ton

PVC spot market:The mainstream transaction price in China's PVC market continues to rise and runs well on the floor. Compared with the valuation, the price of North China rose by 50 yuan / ton, the high end of East China by 40 yuan / ton, South China by 40 yuan / ton, the low end of Northeast China by 50 yuan / ton, Central China by 60-120 yuan / ton, and the southwest by 50-100 yuan / ton. The ex-factory prices of upstream PVC production enterprises continue to rise, but the range of increase is different, concentrated in 50-80-100 yuan / ton, some of which are larger. The spot market also continues to rise, the futures futures price goes up, the spot market price and the spot market price coexist, but the spot price advantage has declined, and the basis has been slightly adjusted, in which the base difference offer 01 contract in East China-(80-150-180), South China 01 contract-(80), North 01 contract-(520), the National Day holiday is approaching, the atmosphere in the two markets is improving in the near future, and spot prices continue to rise. However, for the continuous upward market, downstream products enterprises conflict with high prices, a small number of low rigid demand replenishment, some low prices a source of goods, high prices are still more difficult to close a deal.

From the perspective of futures:The price of PVC2501 contract opened at night, that is, it rose slightly, and the intraday price trend was better. At the beginning of early trading, futures prices rose in a straight line to break through 5700, followed by a high and narrow range. Afternoon prices rose further, breaking through 5800. 2501 contracts fluctuated from 5529 to 5823 throughout the day, with a spread of 294. 01 contracts reduced their positions by 70058 positions, with 756662 positions so far, 2505 contracts closing at 6061 and 102129 positions.

PVC Future Forecast:

In terms of futures:The operation of the PVC2501 contract price as mentioned in the title, the futures skyrocketed even at the Sancheng pass, rising sharply through the position on the track, the technical level shows that the opening of the three tracks of the Bollinger belt (13, 13, 2) has expanded, and the KD line and MACD line at the daily level show an obvious golden cross trend. At the close of midday, most of the main Chinese futures contracts rose, with the Container Index (European Line), coke, coking coal, glass, rebar and hot rolls all sealed by the limit, iron ore rose nearly 11%, soda ash rose more than 8%, and ferrosilicon, manganese silicon and rubber rose more than 6%. PVC also showed a significant rise in performance, the current National Day before the last trading day, from the current trend, the disk after the festival will continue to run mainly.

Spot aspect:Since the launch of a number of policies on September 24, so far, on the last working day before the National Day, the overall commodity performance has been good, and the policy has a direct effect on the financial markets. in the process of rising commodity sentiment, the bearish mood has been gradually reversed, and some commodities have begun to turn to bulls. PVC futures also rose continuously, with spot market quotations rising sharply to follow up, including factory quotations for production enterprises. Although the current demand port and shipping rhythm still maintain the early stage, but the mood fluctuations often exceed the fundamentals, so from the current response of the two cities, there is a turning trend in the market. Although the National Day is approaching, there are some disturbing factors in the outer disk during the holiday period, but the influence of Chinese policy persists at present, and the market trend is so strong today before the holiday that it is expected that the price in the holiday range is still high. After returning from the festival, the spot market will continue to improve in the short term.