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    Home > Chemicals Industry > New Chemical Materials > PVC volatility fell and trading volume rose sharply

    PVC volatility fell and trading volume rose sharply

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    PVC1905 contract opened at 6430 yuan, the highest 6450 yuan, the lowest 6360 tons, closed at 6410 tons, down 50 yuan, down 0.
    77%, the volume was 304200 lots, and the position decreased by 10874 lots to 277012 lots
    .

    PVC

    News: According to Longzhong's survey, at present, PVC manufacturers in Inner Mongolia have different views on the future market
    .
    Some companies said that because there is no inventory pressure, and there are still orders being returned, and users may have a wave of stocking operations before the Spring Festival, the ex-factory price is expected to continue to be firm, and even some companies said that there is still a small space for short-term prices; However, some downstream users will start to park for holidays in mid-January, and the risk of accumulation in January will increase, and it is expected that there is still a downward expectation
    .

    Upstream price: naphtha CF Japan reported $466.
    88/ton, -0%; FOB Singapore is trading at $49.
    53/b, -0%.

    ethylene CFR Northeast Asia 940 USD/ton, +0%; CFR Southeast Asia is trading at $830/mt, +0%.

    Domestic calcium carbide prices are stable, East China reported 3200 yuan, -0%, Northwest reported 2925 yuan, -0%.

    Spot market: CFR Southeast Asia at $880, +0%; CFR China is trading at $885, +0%.

    Domestic: North China calcium carbide law reported 6560 yuan / ton, -0%; ethylene method reported 7020 yuan / ton, +0%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7070 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

    PVC1905 fluctuated lower, trading volume rose sharply, and position volume decreased
    sharply.
    Although the 20-day moving average found support during the session, the short-term trend weakened
    .
    Fundamentally, but spot prices stopped falling and stabilized, and social inventories continued to fall to form a certain support for prices, but crude oil fell heavily, and PVC downstream demand gradually fell to suppress prices
    .

    Technically, the median MACD is flat, but the red bar is shortened, and the KDJ indicator turns around at a high level, indicating that the rebound will die if it is about to die
    .
    Operationally, it is recommended that investors wait and see for the time being
    .

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