echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC low rebounded trading volume and position continued to shrink

    PVC low rebounded trading volume and position continued to shrink

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    PVC1809 contract opened at 6740 yuan, the highest 6785 yuan / ton, the lowest 6685 yuan / ton, closed at 6775 yuan / ton, down 15 yuan, down 0.
    22%, the volume reported 209728 lots, the position volume -7944 lots to 256830 lots
    .

    PVC

    News: The price of PVC market in Guangzhou is stable, and the mainstream price of calcium carbide five-type material is 6880-6970 yuan / ton in cash withdrawal.
    The PVC market in Qilu Chemical City is weak and sorted, the price of calcium carbide method is loose, and the market trading atmosphere is general
    .
    At present, the mainstream price of calcium carbide method is about 6830-6900 yuan / ton (including tax self-pickup), and the mainstream price of ethylene Qilu source S1000/S700 is 6900-7000 yuan / ton including tax self-pickup
    .
    The PVC market in Shanghai is running weakly, futures continue to decline, the spot market sentiment is weak, and the actual orders are mainly
    negotiation.
    The mainstream of calcium carbide method 5 type material is 6850-6950 yuan / ton self-pickup
    .

    Upstream price: naphtha CF Japan reported 631.
    38 US dollars / ton, up 1.
    28%; FOB Singapore was trading at $69.
    17 a barrel, up 1.
    3 percent
    .
    ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $935; North China calcium carbide law reported 6850 yuan / ton, flat; Ethylene law reported 6900 yuan / ton, flat; East China calcium carbide method reported 6850 yuan / ton, down 50 yuan, ethylene method 7050, flat; South China calcium carbide method 6900 yuan, down 20 yuan, ethylene method 7150 yuan, flat
    .

    PVC1809 contracts rebounded, and trading volume and holdings continued to shrink.

    Fundamentally, the central bank targeted RRR reduction, the peak of device maintenance, the continuous decline of social inventory, and the stationing of environmental protection teams to inspect formed a certain support for futures prices, but the Sino-US trade war escalated, and the spot price fell to suppress
    prices.

    Technical indicators, MACD continued to oscillate lower, but KDJ low flat, short-term technical pattern appeared
    .
    In terms of operation, it is recommended that stable investors can take advantage of the low profit and reduce their holdings, and aggressive investors can set the take profit in the short orders and hold
    them cautiously.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.