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Market trend: On Wednesday, the PVC1709 contract opened at 5965 yuan / ton, the highest 5990 yuan / ton, the lowest 5895 yuan / ton, and closed at 5905 yuan / ton, down 115 from the previous trading day, or 1.
91%
on the day.
The volume decreased to 125,100 lots, and the open position increased by 13,712 lots to 114,600 lots
.
In terms of news: Shandong Xinfa PVC prices continued to fall, calcium carbide method 5 type material to implement 5850 yuan / ton cash withdrawal, the actual slightly lower
.
The 600,000 tons/year unit in the plant area is fully loaded, and the shipment situation is average
.
Price: Japan naphtha CF Japan reported 491 yuan / ton, down 2.
12; naphtha FOB Singapore reported 53.
37 US dollars / barrel, down 0.
28
.
ethylene CFR Northeast Asia 1170 US dollars / ton, up 5; CFR Southeast Asia was flat at $1,040/mt
.
Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 6030 yuan / ton, flat; ethylene law reported 6350 yuan / ton, down 40; East China calcium carbide law reported 6080 yuan / ton, down 20
.
South China calcium carbide method reported 6050 yuan / ton, down 70, ethylene method 6600 tons, flat
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.
Summary: Affected by the lucrative price of caustic soda, chlor-alkali enterprises maintain high-load production, and some of the pre-maintenance plans are changed to a rotational break operating rate to maintain a medium and upper level, resulting in greater market supply pressure, coupled with the construction of Xiong'an New Area and environmental protection inspection affecting PVC downstream demand, enterprises reduce factory prices, short-term PVC or weak shock
.
Technically, the PVC1709 contract fluctuated downward, short-term lower test of support around 5850, upper test of pressure near the five-day line, short-term or maintain weak oscillation, it is recommended to back the five-day line short short
.