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    Home > Chemicals Industry > New Chemical Materials > Calcium carbide fell sharply, PVC futures prices came under pressure to the downside

    Calcium carbide fell sharply, PVC futures prices came under pressure to the downside

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    The PVC1705 contract opened at 6490, with a high of 6515, a low of 6335, and closed at 6360, down 150, or 2.
    3%,
    from the previous session.
    The volume increased to 197,500 lots, and the open position decreased by 1,866 lots to 120,700 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 502.
    75 yuan / ton, down 7; Naphtha FOB Singapore was trading at $54.
    48 a barrel, down 1.
    18
    .
    ethylene CFR Northeast Asia 1385 US dollars / ton, flat; CFR Southeast Asia was flat at $1150/mt
    .

    Spot market: The price of some domestic PVC spot market fell
    slightly.
    North China calcium carbide law reported 6450 yuan / ton, down 100; ethylene law reported 6830 yuan / ton, down 120; East China calcium carbide law reported 6480 yuan / ton, down 90
    .
    South China calcium carbide method reported 6520 yuan / ton, down 80, ethylene method 7100 tons, flat
    .
    The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
    .

    News side: 1.
    Shandong Xinfa PVC Phase II 400,000 tons/year installation (February 20 evening) device temporarily stopped, the recovery time is not clear
    .
    The first phase of the 200,000 tons/year plant in the plant is currently in normal production, and the specific trend still needs to be followed
    .

    Although some enterprises pre-sold orders to the end of February before the Spring Festival, the downstream enthusiasm for high-priced raw material procurement after the Spring Festival was not good, coupled with the sharp decline in calcium carbide, the support for PVC costs weakened, and PVC futures prices came under pressure downward, and the short-term or maintained weak shocks
    .
    Technically, the PVC1705 contract fluctuated downward, the futures price fell below the 6500 mark support, short-term downward look at 6200, it is recommended to back the five-day line short
    .

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