echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Downstream demand weakened PVC low rebounded slightly

    Downstream demand weakened PVC low rebounded slightly

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PVC1705 contract opened at 6450, with a high of 6545, a minimum of 6450, and closed at 6510, up 130, or 2.
    04%,
    from the previous session.
    The volume decreased to 128,100 lots, and the open position decreased by 5,778 lots to 106,700 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 507.
    5 yuan / ton, down 2; Naphtha FOB Singapore was trading at $55.
    15 a barrel, down 0.
    2
    .
    ethylene CFR Northeast Asia 1375 US dollars / ton, down 10; CFR Southeast Asia was flat at $1145/mt
    .

    Spot market: The price of some domestic PVC spot market fell
    slightly.
    North China calcium carbide law reported 6420 yuan / ton, down 30; ethylene law reported 6820 yuan / ton, down 10; East China calcium carbide law reported 6470 yuan / ton, flat
    .
    South China calcium carbide method reported 6520 yuan / ton, flat, 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, Suzhou Huasu PVC started 80% of the start, the recent profit shipment, ethylene 800, 1000, 1300 type implementation 7300-7400 yuan / ton, US dollar implementation 950 US dollars / ton, the actual transaction is a single talk
    .

    PVC downstream affected by environmental protection, weakening demand, increased social inventory, coupled with the weakening of upstream raw material prices, enterprises let profits shipments, futures prices quickly retreated after discounted spots, short-term low rebound
    .
    Technically, the PVC1705 contract closed up in volatility, short-term lower test of support around 6300, upper test of pressure around 6600, short-term maintenance in the 6300-6600 range oscillation, recommended range bargain 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.