PVC Daily: Demand is gradually rising, and PVC is slightly strong and volatile
Futures market: as of February 9, the main PVC market closed at 6251 yuan/ton (+0.061%); The top 20 main long positions: 510381 (- 3662), short positions: 603824 (- 3428), net positions: 93443 (- 5467).
Spot: as of February 9, East China (carbide method) offer: 6280 yuan/ton (+80); South China (carbide method) offer: 6330 yuan/ton (+65).
Lancan: 1376 yuan/ton (0) in Shaanxi as of February 9.
Calcium carbide: 4165 yuan/ton (- 50) in North China as of February 9.
Viewpoint: PVC was operated in a strong and volatile manner yesterday, and there may be a technical rebound in the short term due to the recovery of international crude oil and post-holiday demand. However, considering the high social inventory of PVC and the high operating load of PVC plant, the rebound height of PVC may be limited. In terms of demand, as downstream enterprises gradually start construction after the holiday, demand is expected to improve. However, due to the high social inventory, short-term demand is difficult to reverse this situation. In general, the fundamentals of PVC are still weak, and the price may be low and repeated. It is recommended to wait and see.
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