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    Home > Chemicals Industry > New Chemical Materials > PVC position reduction to the upside It is expected that the short-term trend will still be repeated

    PVC position reduction to the upside It is expected that the short-term trend will still be repeated

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: PVC position reduction upward, V1905 opened 6405 tons, the highest reported 6470 yuan / ton, the lowest reported 6380 yuan / ton, closed 6430 yuan / ton, +0.
    7% from the previous trading day; 173682 volume; Position 268954,-11158 lots
    .

    PVC

    News: As of March 24, the total inventory of the PVC market was 440,000 tons, a decrease of 0.
    45% from last week and an increase of 20.
    55% over last year; East China was flat month-on-month, up 13.
    92% year-on-year; South China decreased by 1.
    53% month-on-month and increased by 40.
    22%
    year-on-year from last week.

    Spot market: PVC market in Qilu Chemical City is narrowly raised, traders' prices are raised by 20-50 yuan / ton, calcium carbide 5 mainstream prices are 6440-6500 yuan / ton (including tax self-pickup), and ethylene Qilu source prices are 6650-6700 yuan / ton
    .
    The market price of Guangzhou PVC type five was raised by 30 yuan / ton
    .
    The mainstream price of calcium carbide type 5 material is 6410-6510 yuan / ton, and ethylene Dagu 1000 type 7000 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
    during the day.
    Main positions: The top 20 long positions in the main contract are 97609 lots, -3733 lots, short positions are 97802 lots, -3539 lots, and net long positions are -193 lots, -194 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 rose slightly, the 20-day moving average still exerted certain pressure on it, the trading volume was significantly reduced, the position volume was also greatly reduced, the main position showed that the main force of the short position reduction was slightly less than the main force of the bulls, and the bears were slightly superior
    .
    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
    .
    In terms of operation, it is recommended that investors reduce their positions in their hands and drop their pockets
    .

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