echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Inventories remained below the medium PVC shock closed higher

    Inventories remained below the medium PVC shock closed higher

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, the PVC1701 contract opened at 5605, with a high of 5660, a low of 5600, and closed at 5660, up 50 from the previous session, or 0.
    89%.

    The volume decreased to 26,768 lots, and the open position increased by 76 lots to 92,810 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 406.
    38 yuan / ton, up 9.
    88; naphtha FOB Singapore reported 43.
    14 US dollars / barrel, up 1.
    11
    .
    Ethylene CFR Northeast Asia was at $1190/ton, down 5, and CFR Southeast Asia was at $1060/ton, down 5
    .

    Spot market: The price of some domestic PVC spot market is basically flat
    .
    North China calcium carbide law reported 5970 yuan / ton, up 70; ethylene law reported 6360 yuan / ton, flat; East China calcium carbide law reported 6050 yuan / ton, up 130, ethylene method reported 6550 yuan / ton, unchanged
    .
    South China calcium carbide method reported 6100, up 130, ethylene method 6580 tons, flat
    .
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
    .

    News side: 1, Shandong Dongyue PVC today's latest quotation, calcium carbide method 5 type material factory implementation of 6100 yuan / ton acceptance
    .
    The plant's 120,000 tons/year PVC unit started about 50%, and it is expected to be shut down for maintenance on September 18 for about
    a week.

    The environmental protection inspection is gradually over, and the supply of calcium carbide has improved
    .
    PVC social inventory maintained a moderate lower level, coupled with some maintenance devices, the market supply pressure is not large, but near the delivery month, the exchange warehouse receipt increases, if the source of goods into the market, there may be some suppression of the price, but the January contract price discount spot, there is a certain space for repair in the short term
    .
    Technically, PVC1701 shock closed higher, below to test the support around 5600, above to test the 5700 mark pressure, short-term is expected to maintain a range of strong volatility, it is recommended that the five-day line continue to hold
    .

    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.