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    Home > Chemicals Industry > New Chemical Materials > PVC narrow finishing The short-term trend is still repeated

    PVC narrow finishing The short-term trend is still repeated

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market conditions: PVC narrow finishing, V1905 opened 6435 tons, the highest reported 6450 yuan / ton, the lowest reported 6405 yuan / ton, closed 6435 yuan / ton, +0.
    16% from the previous trading day; Volume 120700; Position 259218,-9736 lots
    .

    PVC

    In terms of news, according to customs statistics, the import volume of pure polyvinyl chloride powder in February 2019 was 42,300 tons, down 26.
    31%
    from the previous month.
    This represents a year-on-year increase of 6%.

    The export volume was 45,700 tons, down 4.
    99% from the previous month and 31%
    from the same period last year.
    The total export of paving materials in February was 188,300 tons, down 41.
    7% month-on-month, of which 95,300 tons in the United States, down 48.
    5%
    month-on-month.

    In terms of market, the PVC market in Qilu Chemical City was narrowly raised, with traders raising prices by 60-70 yuan / ton, calcium carbide 5 mainstream prices 6440-6570 yuan / ton, and ethylene Qilu source prices at 6650-6700 yuan / ton
    .
    The price of Guangzhou PVC type 5 market is stable, the price of ethylene material is increased by 30 yuan / ton, the mainstream price of calcium carbide type 5 material is 6410-6520 yuan / ton, and the ethylene material Dagu 1000 type is 7030 yuan / ton
    .

    warehouse receipt inventory, exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
    during the day.
    Main positions: the top 20 long positions in the main contract are 96260 lots -1349 lots, short positions are 93447 lots, -4355 lots, and net long positions are 2813 lots, +3006 lots
    .

    Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
    .
    Technically, PVC1905 narrow finishing, the 20-day moving average still exerts certain pressure on it, the trading volume shrinks sharply, the position volume is also significantly reduced, the main position shows that the main force of the short position reduction is greater than the main force of the bulls, and the multi-party dominates
    .
    The technical indicator MACD rebounded slightly, the green bar contracted, the KDJ indicator low golden cross upward, and the short-term showed that the bulls had a clear advantage
    .
    The fundamentals and the technical side diverge, and the short-term trend is expected to remain repeated
    .

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