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    Home > Chemicals Industry > New Chemical Materials > PVC upward mobility is insufficient to maintain a weak range of shocks

    PVC upward mobility is insufficient to maintain a weak range of shocks

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today, the PVC1705 contract opened at 6215, with a maximum of 6240, a minimum of 6010, and closed at 6025, down 195, or 3.
    14%,
    from the previous session.
    The volume increased to 297,100 lots, and the open position increased by 16,142 lots to 170,200 lots
    .

    PVC

    News side: 1.
    Hanwha Ningbo PVC's latest quotation has been lowered, and the HG-1000F/800/1300 models have been delivered from 7100-7200 yuan/ton, and the plant's 300,000-tonne/year installation is fully loaded, and the price of the actual goods can be negotiated
    by traders.

    Raw material prices: 1, Japan naphtha CF Japan reported 498 yuan / ton, up 0.
    5; naphtha FOB Singapore reported 53.
    47 US dollars / barrel, up 0.
    06
    .
    Ethylene CFR Northeast Asia was flat at $1140/mt, while CFR Southeast Asia was flat at $980/mt
    .

    Spot market: The price of some domestic PVC spot market fell
    slightly.
    North China calcium carbide law reported 6230 yuan / ton, down 10; ethylene law reported 6750 yuan / ton, down 60; East China calcium carbide law reported 6300 yuan / ton, flat
    .
    South China calcium carbide method reported 6300, flat, ethylene method 7320 tons, flat
    .
    The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
    .

    The northern weather turned cold building materials demand into the off-season impact, downstream procurement enthusiasm slowed down, coupled with environmental inspection, downstream products enterprises shutdown impact, market supply gradually tightened, coupled with the impact of new production capacity and real estate regulation, it is expected that PVC upward momentum is insufficient, but enterprises jointly intend to jointly quote, it is expected that the decline space is limited
    .
    Technically, PVC1705 increased positions downward, the futures price tested the support around 6000 below, the pressure around 6200 was tested above, and the short-term futures price maintained in the 6000-6200 range was weak and oscillating, and it was recommended to trade short at the high of the range
    .

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