< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

PVC: Futures have significantly reduced their positions and futures prices have increased, and the spot market has gradually stagnated

90,714
February 7, 2024, 4:25 PM

PVC spot market: Mainstream transaction prices in China's PVC market rose slightly, but transactions in the spot market were poor. The ex-factory prices of upstream PVC production companies are mostly stable, and the holiday mode has been more or less started, and the signing of contracts for a generation has stalled. Futures showed a significant reduction in positions. Funds left the market before the holiday, and futures prices were reduced and increased. Traders in various regions quoted few prices and rose slightly, but actual transactions were limited. The basis offer has not changed much, including the basis offer for East China 05 contract-(180-270), the South China 05 contract-(150-210), the North China 05 contract-(520-570), and the Southwest China 05 contract-(250). Overall, there is currently little transaction support in the spot market, most terminals are on holiday, downstream enthusiasm for purchasing spot goods is low, and the trading atmosphere in the spot market is light and limited transactions.