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    Home > Chemicals Industry > New Chemical Materials > Market demand follow-up is insufficient PVC short-term maintenance range volatility

    Market demand follow-up is insufficient PVC short-term maintenance range volatility

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Market trend: On the first day after the holiday, the PVC1709 contract opened at 5880 yuan / ton, the highest was 5895 yuan / ton, the lowest was 5815 yuan / ton, and the closing was 5830 yuan / ton, down 15 yuan / ton from the previous trading day, or 0.
    26%
    per day.
    The volume decreased to 138,500 lots, and the open position decreased by 10,226 lots to 130,800 lots
    .

    PVC

    In terms of news: Shandong Xinfa PVC quotation rose slightly by 50, calcium carbide method 5 type material implementation of 5600 yuan / ton of spot exchange, limited sales
    .
    The 600,000 tons/year plant in the plant is fully loaded, and the shipment situation is acceptable
    .

    Price: Japan naphtha CF Japan reported 456 yuan / ton, flat; Naphtha FOB Singapore was flat at $49.
    72 a barrel
    .
    ethylene CFR Northeast Asia 1210 US dollars / ton, flat; CFR Southeast Asia was flat at $1,075/mt
    .

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

    North China calcium carbide law reported 5660 yuan / ton, up 40; ethylene law reported 6300 yuan / ton, flat; East China calcium carbide law reported 5800 yuan / ton, up 150; Ethylene law reported 6600 yuan / ton, up 400
    .
    South China calcium carbide method reported 5750, up 80, ethylene method 6250 tons, up 180
    .
    Raw material prices were basically flat, East China reported 2950 yuan, flat, Northwest reported 2650 yuan, flat
    .

    Summary of views: Supported by the black rebound and calcium carbide price stabilization, coupled with the expectation of the equipment maintenance plan in May, PVC prices rebounded over-sold, but short-term social inventories remained high, downstream environmental protection supervision was strict, downstream operating rates fell, demand follow-up was insufficient, and the expected futures price rebound momentum was limited
    .
    Technically, the PVC1709 contract closed in volatility, testing pressure around 5900-6000 above, testing support near the five-day line below, and the futures price is expected to remain in the range of 5700-6000, range trading
    is recommended.

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