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    Home > Chemicals Industry > New Chemical Materials > PVC shock is lower and downstream demand is weak

    PVC shock is lower and downstream demand is weak

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 6305 yuan, the highest 6310 yuan, the lowest 6215 tons, closed at 6245 tons, down 60 yuan, or 0.
    95%, the volume was 258796, and the position increased by 13964 lots to 281688
    .

    PVC

    News: As of November 6, domestic PVC social stocks fell slightly to 241,300 tons, down 0.
    1%
    from November 2.
    Among them, the inventory of PVC enterprises reported 44500 tons, 21.
    4%, South China warehouse reported 33500 tons, -3.
    7%, East China warehouse reported 81400 tons, -7.
    1%, North China traders reported 18600 tons, -0.
    5%, South China traders reported 18900 tons, -1.
    6%, North China downstream reported 8500 tons, 3.
    7%, South China downstream reported 35900 tons, -1.
    4%.

    In addition, the operating rate of PVC production enterprises reported 93%, the operating rate of PVC North China downstream reported 84%, and the operating rate of PVC South China enterprises reported 84%, all unchanged
    .

    Upstream price: naphtha CF Japan reported $586.
    62/ton, -1.
    26%; FOB Singapore is trading at $63.
    29/b, -1.
    17%.

    ethylene CFR Northeast Asia 920 US dollars / ton, -0%; CFR Southeast Asia is trading at $835/mt, -0%.

    Domestic calcium carbide prices fell, East China reported 3440 yuan, -0%, Northwest reported 3225 yuan, -0%.

    Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +0%.

    Domestic: North China calcium carbide law reported 6370 yuan / ton, -0.
    93%; Ethylene law reported 6600 yuan / ton, -0%; East China calcium carbide method reported 6450 yuan / ton, -0.
    77%, ethylene method 6750 yuan, -0%; South China calcium carbide method 6500 yuan, -0%, ethylene method 7220 yuan, +0%.

    PVC1901 volatility lower, intraday new low, indicating that the short-term still need to test the bottom
    .
    Fundamentally, downstream demand is sluggish, and weak spot prices suppress
    futures prices.

    Technically, the MACD indicator and the KDJ indicator are blunted at a low level, and the long-term weak shock shows that the short-term trend of PVC is still weak
    .
    In terms of operation, it is recommended that investors set a take profit in their hands and hold
    them cautiously.

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