echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 30 PVC morning review

    June 30 PVC morning review

    • 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 Wednesday, the PVC1609 contract closed slightly higher, below to test the support near the five-day line, above to test the pressure around 5800, due to the inversion of the current price difference, pay attention to the spot market spot, short-term upside is limited, it is recommended that some bulls can take profits to close their positions, and those who are short positions will wait and see
    for the time being.

    PVC

    News side: 1, Inner Mongolia Yidong Dongxing Chemical PVC paste resin temporary stable quotation, 1302 peripheral delivery to the execution of 7000 yuan / ton, real transaction flexibility
    .
    The plant is under shutdown and maintenance of 100,000 tons/year plant
    .

    Raw material prices: 1, Japan naphtha CF Japan reported 414.
    38 yuan / ton, down 2; Naphtha FOB Singapore was trading at $44.
    42 a barrel, down 0.
    22
    .
    Ethylene CFR Northeast Asia was flat at $1090/mt, and CFR Southeast Asia was flat at $1060/mt
    .

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

    North China calcium carbide law reported 5310 yuan / ton, flat; ethylene law reported 5450 yuan / ton, flat; East China calcium carbide method reported 5460 yuan / ton, flat, ethylene method reported 5570 yuan / ton, flat
    .
    South China calcium carbide method reported 5510, flat, ethylene method 5620 tons, flat
    .
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
    .

    Fundamentally, in the short term, the early shipment of goods in some areas is excessive, the inventory is slightly insufficient, the market price quotation is raised, boosting the futures price, and the coke rise is driven, the futures price is stronger, but the futures price is sharply elevated to spot, or the futures price is limited to the sharp upside
    .

    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.