echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Affected by the Shenghua incident, the PVC market fluctuated lower

    Affected by the Shenghua incident, the PVC market fluctuated lower

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    PVC1905 contract opened at 6380 yuan, the highest 6380 yuan, the lowest 6240 tons, closed at 6265 tons, down 115 yuan, down 1.
    80%, the volume was 163716, and the position increased by 21296 lots to 289794
    .

    PVC

    News: Affected by the Shenghua incident, the State Council Security Commission Office will investigate and control
    the safety status of gas cabinets of 75 vinyl chloride enterprises across the country.
    At present, the domestic start is basically normal, except for Lutai, Yushe, Sanyou and other operating loads slightly reduced, other companies temporarily maintain normal operation, upstream enterprises pre-sales are better, inventory is low
    .
    Ethylene supply is tight, and Hanwha Ningbo is expected to take 7-10 days
    in January.

    In terms of calcium carbide method, Xinjiang's supply of goods is tight, spot goods are scarce, and logistics and transportation are affected by weather, resulting in fewer arrivals, and traders mainly
    pre-sell.

    Upstream price: naphtha CF Japan reported $488.
    5/mt, -0.
    20%; FOB Singapore is trading at $52.
    3/b, -0.
    38%.

    ethylene CFR Northeast Asia 840 USD/ton, -2.
    33%; CFR Southeast Asia was trading at $760/mt, -1.
    30%.

    Domestic calcium carbide prices are stable, with East China reporting 3200 yuan, -0%, Northwest reported 3075 yuan, -0%.

    Spot market: CFR Southeast Asia quoted $860, +0%; CFR China is trading at $860, +0%.

    Domestic: North China calcium carbide law reported 6550 yuan / ton, +0%; Ethylene law reported 6800 yuan / ton, +0%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7000 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

    PVC1905 fluctuated lower, and both trading volume and position increased
    significantly.
    Fundamentally, spot prices stopped falling and stabilized, and social inventories continued to fall to form some support for prices, but the situation between China and the United States is changeable, and the decline in crude oil has caused market concerns
    again.

    Technically, the median MACD is flattening, the red bar is shortening, and the KDJ indicator is a dead cross, indicating a weaker
    short-term trend.
    Operationally, it is recommended that investors take short positions around 6330 on a rebound
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.