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    Home > Chemicals Industry > New Chemical Materials > PVC shock closed up It is recommended to go long on dips in the range

    PVC shock closed up It is recommended to go long on dips in the range

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    The PVC1705 contract opened at 6135, with a high of 6295, a low of 6085, and closed at 6265, up 145, or 2.
    37%,
    from the previous session.
    The volume decreased to 113,400 lots, and the open position decreased by 24,112 lots to 63,200 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 476.
    62 yuan / ton, down 2; Naphtha FOB Singapore was trading at $51.
    79 a barrel, down 0.
    25
    .
    ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
    .

    Spot market: The price of some domestic PVC spot markets fluctuated and closed down
    .
    North China calcium carbide law reported 6150 yuan / ton, down 20; ethylene law reported 6470 yuan / ton, down 10; East China calcium carbide law reported 6180 yuan / ton, flat
    .
    South China calcium carbide method reported 6170 yuan / ton, down 30, ethylene method 6650 tons, down 50
    .
    The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
    .

    News side: 1, Qilu Petrochemical PVC ethylene S1000/S700 models to carry out a single talk
    .
    The 240,000 tons/year unit of the plant is expected to be overhauled around May 4, and it is expected to take about 40 days, and the PVC production in April is planned to be less than 18,000 tons
    .

    PVC enterprise maintenance postponed, operating rate maintained at the middle and upper level, resulting in market supply pressure, poor willingness to receive goods downstream, lower quotations of enterprises, coupled with real estate regulation, causing greater pressure on the market, but the rise in coal prices and the millennium plan of Xiong'an New Area boosted the chemical sector, and the futures price rose
    .
    Technically, the PVC1705 contract closed up in shock, short-term lower test of support around 6100, upper test of pressure around 6350, futures price or maintain in the 6100-6350 range oscillation, it is recommended to trade long in the range
    .

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