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    Home > Chemicals Industry > New Chemical Materials > PVC intraday weak shock short-term upward momentum is limited

    PVC intraday weak shock short-term upward momentum is limited

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    V1909 opened at 6885 tons, the highest reported 6920 yuan / ton, the lowest reported 6795 yuan / ton, and closed at 6830 yuan / ton, -0.
    36% from the previous trading day; Volume 374150; Position 442388, +3158 lots
    .
    The basis is $20
    .

    PVC

    In terms of news, according to Longzhong statistics, the total inventory of PVC market in this cycle was 409,000 tons, a decrease of 5.
    32% from last week and an increase of 25.
    85% over last year; East China decreased by 6.
    15% from last week and increased by 18.
    85% year-on-year; South China decreased by 3.
    25% month-on-month and increased by 46.
    91%
    year-on-year from last week.

    In terms of market, PVCSG-5 spot market rose in some areas during the day, East China rose 170 yuan / ton, Shandong rose 90 yuan / ton, the market quotation was in the range of 6710-6950 yuan / ton, ethylene method rose 50-100 yuan / ton, the quotation was in the range of 6850-7050 yuan / ton
    .
    The ex-factory price was increased by 0-200 yuan / ton, the ex-factory price in the northwest region was in the range of 6150-6900 yuan / ton, and the ex-factory price in other regions was in the range of 6700-6850 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 0 lots, in the historical low area, stable
    intraday.
    Main positions: The top 20 long positions in the main contract are 144285 lots, -888 lots, short positions are 153290 lots, 6407 lots, and net long positions are -9005 lots
    .

    Fundamentally, the inventory of production enterprises remains high, and the sluggish downstream demand for PVC has caused a certain suppression
    of prices.
    However, the strong trend of crude oil has some support for prices, and after entering April, downstream demand is expected to accelerate recovery and also support prices, Jiangsu chemical plant rectification short-term has a certain boost to chemicals, but in the medium and long term is bearish, downstream chemical plant shutdown inhibits demand for PVC raw materials, the current basis is basically flat
    .
    Technically, PVC1909 high is weak and oscillating, below to test the support near the five-day line, KD indicators turn downward, short-term upward momentum is limited
    .
    In terms of operation, it is recommended that investors take profit on long orders in their hands
    .

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