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    Home > Chemicals Industry > New Chemical Materials > PVC shock closed lower and range trading is recommended

    PVC shock closed lower and range trading is recommended

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Today, the PVC1609 contract opened at 5960, with a high of 5980, a low of 5905, and a close of 5950, down 25 from the previous session, or 0.

    The volume decreased to 14,736 lots, and the open position decreased by 6,544 lots to 92,748 lots


    Raw material prices: 1, Japanese naphtha CF Japan reported 371.
    38 yuan / ton, up 4.
    5; naphtha FOB Singapore reported 39.
    12 US dollars / barrel, up 0.
    Ethylene CFR Northeast Asia was flat at $1,100/ton, and CFR Southeast Asia was flat at $1,050/ton

    Spot market: The price of some domestic PVC spot market has risen.

    North China calcium carbide law reported 5670 yuan / ton, flat; ethylene law reported 6375 yuan / ton, up 125; East China calcium carbide law reported 5870 yuan / ton, flat, ethylene method reported 6400 yuan / ton, up 130
    South China calcium carbide method reported 5880, up 40, ethylene method 6320 tons, up 20
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat

    News side: 1.
    Chengdu Huarong PVC has no quotation
    The 80,000-ton/year plant is shut down for maintenance and is scheduled to start up
    on August 18.

    Fundamentally, affected by environmental protection policies, calcium carbide supply is slightly insufficient, supporting the strengthening of prices, and further strengthening the support for PVC costs
    The short-term PVC social inventory remains at a moderately lower level, but the downstream is tepid, and the futures price is expected to remain range-bound
    Technically, the PVC1609 contract closed down in volatility, testing support around 5800 below, testing pressure at the 6100 mark above, and expected to maintain short-term volatility in the 5800-6100 range, recommended range trading

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