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    Home > Chemicals Industry > New Chemical Materials > PVC backtest 20-day moving average positions significantly reduced

    PVC backtest 20-day moving average positions significantly reduced

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    PVC1809 contract opened at 6850, the highest 6910 yuan / ton, the lowest 6825 yuan / ton, closed at 6875 yuan / ton, up 5 yuan, or 0.
    07%, from the previous trading day, the volume was 260572 lots, and the position decreased by 12878 lots to 287710 lots
    .

    PVC

    News: The PVC market atmosphere in Changzhou has deteriorated, futures have fallen, the inquiry atmosphere has weakened, and the actual transaction can be negotiated
    .
    The mainstream of ordinary type 5 calcium carbide is 6880-6980 yuan / ton self-pickup
    .
    The PVC market in Qilu Chemical City is sideways, and the market wait-and-see atmosphere is strong
    .
    The PVC market in Shanghai is adjusted in a narrow range, the market is mainly wait-and-see, and the actual order is mainly based on negotiation
    .
    The mainstream of calcium carbide method 5 type material is 6900-7000 yuan / ton self-pickup
    .

    Upstream price: naphtha CF Japan reported 686.
    75 US dollars / ton, up 1.
    93%; FOB Singapore was trading at $75.
    96 a barrel, up 1.
    89%.

    ethylene CFR Northeast Asia 1250 US dollars / ton, flat; CFR Southeast Asia was flat at $1185/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    Spot market: CFR China was flat at $940, CFR Southeast Asia was flat at $940; North China calcium carbide law reported 6840 yuan / ton, flat; ethylene law reported 7050 yuan / ton, flat; East China calcium carbide method reported 6950 yuan / ton, flat, ethylene method 7150 yuan / ton, flat; South China calcium carbide method 6980, flat, ethylene method 7280 yuan, flat
    .

    The PVC1809 contract retest of the 20-day moving average temporarily received support, but the position was significantly reduced, indicating that investor confidence has weakened
    .

    Fundamentally, factors such as the peak of device maintenance and the acceleration of traders' inventory reduction have formed a certain support for the futures price, but the large number of short-term profit orders has suppressed
    the futures price.

    Technically, the MACD green column grows, and the KDJ shock falls, indicating that there are still adjustment requirements
    in the short term.
    The future market focuses on the support of the 6820 line, if it is broken, the downside space will be opened
    .
    In operation, investors can set the take profit for short orders in their hands and hold
    them cautiously.

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