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    Home > Chemicals Industry > New Chemical Materials > Downstream demand is not good, PVC shock closed down

    Downstream demand is not good, PVC shock closed down

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    The PVC1705 contract opened at 6230, with a high of 6275, a low of 6110, and closed at 6170, down 160, or 2.
    53%,
    from the previous session.
    The volume increased to 178,000 lots, and the open position increased by 2,078 lots to 96,300 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 448.
    88 yuan / ton, down 3.
    37; naphtha FOB Singapore reported 48.
    46 US dollars / barrel, down 0.
    4
    .
    ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
    .

    Spot market: The price of some domestic PVC spot markets fell
    .
    North China calcium carbide law reported 6260 yuan / ton, down 20; ethylene law reported 6630 yuan / ton, down 40; East China calcium carbide law reported 6310 yuan / ton, down 20
    .
    South China calcium carbide method reported 6310 yuan / ton, down 40, ethylene method 6850 tons, down 50
    .
    The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
    .

    News side: 1.
    Inner Mongolia Yihua PVC annual output of 300,000 tons of equipment is operating normally, the maintenance plan is postponed to April, the manufacturer's inventory is low, the local acceptance quotation in the north is 6100 yuan / ton, the Kuti quotation in East China is 6400 yuan / ton acceptance, and the current exchange rate is 100 yuan / ton
    lower.

    PVC enterprises are affected by poor downstream demand, slow digestion of enterprise inventory, traders make mistakes and do not sell smoothly, the futures price is not supported enough, enterprises sell at profits, coupled with real estate regulation, the decline of chemical products, weak prices
    .
    Technically, the PVC1705 contract closed down in shock, short-term lower test of support around 6000, upper test of pressure around 6400, futures price or maintain in the 6000-6350 range weak oscillation, it is recommended to back the five-day line short short
    .

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