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    Home > Chemicals Industry > New Chemical Materials > PVC moving average narrow range oscillation trading volume has increased

    PVC moving average narrow range oscillation trading volume has increased

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    PVC1905 contract opened at 6470 yuan, the highest 6530 yuan, the lowest 6430 tons, closed at 6465 tons, down 5 yuan, or 0.
    08%, the volume reported 204148 lots, and the position increased by 4760 lots to 275072 lots
    .

    PVC

    News: On December 19, the China Petroleum and Chemical Industry Federation held a meeting in Beijing on the deployment of safety and environmental protection improvement in key areas of the petrochemical industry, and decided to carry out special actions
    to improve safety and environmental protection in the whole industry from late December 2018 to the end of February 2019, focusing on chlor-alkali, nitrogen fertilizer, soda ash, coal chemical industry, oil refining and other fields.

    Upstream price: Naphtha CF Japan reported $468.
    62/ton, -0.
    77%; FOB Singapore is trading at $49.
    71/b, -0.
    76%.

    ethylene CFR Northeast Asia $940/mt, +1.
    08%; CFR Southeast Asia is trading at $830/mt, +0%.

    Domestic calcium carbide prices are stable, East China reported 3200 yuan, -0%, Northwest reported 2925 yuan, -0%.

    Spot market: CFR Southeast Asia at $880, +0%; CFR China is trading at $885, +0%.

    Domestic: North China calcium carbide law reported 6560 yuan / ton, -0%; Ethylene law reported 7020 yuan / ton, +0.
    57%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7070 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

    PVC1905 relies on the 5-day moving average to fluctuate in a narrow range, the trading volume has increased, and the position has also increased
    slightly.
    Fundamentally, the gradual decline in demand has suppressed the price to a certain extent, but the spot price has stopped falling and stabilized, and the continuous decline in social inventory has formed a certain support
    for the price.

    Technically, the MACD oscillated to the upside, but the red bar shortened, the KDJ indicator edged higher, and the rally is expected to continue
    .
    In terms of operation, it is recommended that investors hold long positions cautiously, and those who are short do not chase long
    .

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