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PVC: Futures are approaching their previous lows but fall without breaking. What they are playing is a psychological war and the spot market adjusts flexibly

114,438
June 9, 2023, 4:12 PM


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PVCA é °è 'e / e / s / s:é é éPVC市场主流成交价格小幅修正,部分地区价格出现小涨表现。从估价对比来看:其中华北地区上涨30元/吨,华东地区上涨10元/吨,华南地区上涨10-20元/吨,东北地区下跌50元/吨,华中地区稳定,西南地区下跌30-50元/吨。上游生产企业出厂报价基本维持稳定,未见明显的调整动向,但合同签订不多,适逢周五现货市场观望气氛较为浓厚。期货盘内先跌后涨,上午一口价较昨日小幅下调,但午后收复跌幅现货价格有所上行。全天现货市场报价灵活,并且部分地区基差报盘略有走强,其中华东地区基差报盘05或09合约-(50-110),华南地区05或09合约-(0-20)好粉+20,北方地区05或09合约-(350-400-500),西南地区05或09合约-(180-270),乙烯法现货报价窄幅整理。整体来看商家反馈下游制品企业逢低挂单,虽然现货市场一口价报盘和点价均有,但下游需求一般。

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°é è 'conductor é é °conductorPVC09合约期货盘内出现V型波动,期价下跌低点逼近前低,但跌而未破盘面的减仓空单离场再次催生了价格的反弹,玩的就是一个心理战。从近期的期价运行趋势来看,由空头资金主导的入场出场所形成的趋势,一方面期价继续向下担心为他人作嫁衣也不愿意承担下方的风险,因此期价并不能有效跌破下轨支撑位,但空头减仓离场造成的期价反弹每次均不及前高且动力不足。因此在相对窄幅的区间内来回震荡。技术层面显示布林带(13、13、2)开口扩大,期价的短线运行或围绕中轨方向,继续观察5600-5750的运行范围。

A °é è 'recent recent host é host é í í í éAll our friends know when these things will be able to do this, and these are all our interests, including the relationship in the following months. All of our interests are like this, and their interests include the following: all of our interests, including the relationship of the following months: (we) all of these products include the following months: (all of our related projects include the following months): (a) all of these products, including the following projects:2023年的社会库存同比高位的制约使得盘面空头肆虐。PVC基本面也存在弱化的因素,成本进一步下行,原油端口同样动荡不安,并且宏观方面持续偏弱导致了整体的商品氛围一直处于低迷中。期价的反弹在PVC现货中遭遇套保的进入足够对两市价格形成压制,因此短期来看期现两市缺乏利好因素,这也使得两市价格即便出现一定的上涨也很快就被扼杀掉。外盘方面油价下跌,因上周美国汽油库存大幅增加,这引发美国燃料需求前景担忧。美联储将在下周举行会议,决定是否再次加息。华尔街预计美联储此次可能不会加息,以便有更多时间来评估经济,并衡量在过去一年的一系列加息之后,通胀放缓的速度。整体来看短期之内因素共同影响下PVC现货价格仍会继续窄幅整理。

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