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    Home > Chemicals Industry > New Chemical Materials > PVC low opening oscillation short-term maintenance of weak trend

    PVC low opening oscillation short-term maintenance of weak trend

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    The PVC1805 contract opened at 6635, the highest 6685 yuan / ton, the lowest 6550 yuan / ton, and closed at 6625 yuan / ton, down 75 from the previous trading day, down 1.
    12%
    on the day.
    The volume decreased to 437,500 lots, and the position decreased by 6,206 lots to 307,000 lots
    .

    PVC

    News: 1.
    Lutai Chemical PVC plant area 360,000 tons/year plant started 7-8%.

    Today's quotation was lowered by 50 yuan / ton, and the calcium carbide method 5 type factory was accepted at 6560 yuan / ton, and the real market was 50 yuan / ton
    lower.

    Raw material prices: 1, Japan naphtha CF Japan reported 585.
    5 US dollars / ton, down 9; Naphtha FOB Singapore was trading at $64.
    18 a barrel, down 1
    .
    ethylene CFR Northeast Asia 1330, flat; CFR Southeast Asia was flat at $1200/mt
    .

    Spot market: The price of some domestic PVC spot markets fell
    .
    North China calcium carbide law reported 6390 yuan / ton, flat; ethylene law reported 6800 yuan / ton, flat; East China calcium carbide method reported 6520 yuan / ton, down 20, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6520, down 30, ethylene method 6850, flat
    .
    The price of raw materials was flat, East China reported 3260 yuan, flat, and Northwest reported 3450 yuan, flat
    .

    On the macro front, the Fed's interest rate hike and tight liquidity at the end of the year are bearish for commodities
    .
    PVC inventory is not high, and some areas implement pre-sale, in the environment of not many supplies, enterprise quotations remain high, but demand off-season, downstream procurement enthusiasm for high-priced raw materials is not high, limiting its upside, intraday spot prices are weak operation, short-term basis is large, futures prices or continue to be weak shock repair basis
    .

    Technically, the PVC1805 contract opened low and oscillated sorting, short-term lower test of support around 6600, upper test of pressure around 6800, KDJ turned downward, if the futures price failed to hold support around 6600, further look at 6450
    .

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