echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Cost support strengthens PVC strong shock

    Cost support strengthens PVC strong shock

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, the PVC1609 contract opened at 5995, with a maximum of 6000, a minimum of 5915, and a close of 5950, down 10 from the previous session, or 0.
    17%
    on the day.
    The trading volume decreased to 21,416 lots, and the open position decreased by 9,180 lots to 101,300 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 350.
    12 yuan / ton, down 3.
    88; naphtha FOB Singapore reported 36.
    87 US dollars / barrel, down 0.
    28
    .
    Ethylene CFR Northeast Asia was flat at $1060/ton, and CFR Southeast Asia was flat at $1035/ton
    .

    Spot market: The price of some domestic PVC spot market has risen.

    North China calcium carbide law reported 5670 yuan / ton, flat; ethylene law reported 6070 yuan / ton, up 45; East China calcium carbide law reported 5870 yuan / ton, flat, ethylene law reported 6150 yuan / ton, flat
    .
    South China calcium carbide method reported 5820, flat, ethylene method 6250 tons, up 30
    .
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
    .

    News side: 1, Shandong Xinfa PVC quotation today continues to increase by 50 yuan / ton, calcium carbide method 5 type material is now implemented 5750 yuan / ton spot pickup, the actual receiving price still has a small space for negotiation, the factory area 600,000 tons / year equipment starts full load, the factory inventory is slightly higher, the actual shipment situation is relatively average
    .

    Fundamentally, affected by environmental protection policies, calcium carbide supply is slightly insufficient, supporting the strengthening of prices, and further strengthening the support for PVC costs
    .
    The short-term PVC social inventory remains at a moderately lower level, but the downstream is tepid, and the futures price is expected to remain range-bound
    .
    Technically, the PVC1609 contract closed down in volatility, testing support around 5800 below, testing pressure at the 6100 mark above, and expected to maintain short-term volatility in the 5800-6100 range, recommended range trading
    .

    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.