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    Home > Chemicals Industry > New Chemical Materials > PVC closed slightly lower and downstream procurement enthusiasm slowed down

    PVC closed slightly lower and downstream procurement enthusiasm slowed down

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    The PVC1705 contract opened at 6150, with a high of 6185, a low of 6080, and closed at 6135, down 10 from the previous session, or 0.
    16%.

    The volume increased to 224,100 lots, and the open position increased by 4,636 lots to 156,700 lots
    .

    PVC

    News side: 1.
    The new price of PVC of Qilu Petrochemical was reduced, and the ethylene S1000 was implemented at 6600 yuan / ton, and the S700 was executed by 6800 yuan / ton, and the price outside the province was slightly lower
    .
    The 240,000 tons/year PVC plant in the plant is basically normal, and the factory is scheduled to overhaul
    around the beginning of May.

    Raw material prices: 1, Japan naphtha CF Japan reported 504.
    75 yuan / ton, up 5.
    25; naphtha FOB Singapore reported 54.
    26 US dollars / barrel, up 0.
    64
    .
    Ethylene CFR Northeast Asia was flat at $1140/mt, while CFR Southeast Asia was flat at $980/mt
    .

    Spot market: The price of some domestic PVC spot markets fell
    .
    North China calcium carbide law reported 6120 yuan / ton, down 30; ethylene law reported 6710 yuan / ton, flat; East China calcium carbide law reported 6250 yuan / ton, flat
    .
    South China calcium carbide method reported 6200, up 100, ethylene method 7000 tons, down 200.

    The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
    .

    The cold weather in the north affects the demand for building materials entering the off-season, the enthusiasm of downstream procurement slows down, the smog environmental protection inspection, the impact of the shutdown of downstream product enterprises, the gradual easing of market supply tension, coupled with the impact of new production capacity and real estate regulation, it is expected that PVC upward momentum is insufficient, but enterprises jointly intend to jointly quote, short-term smog transportation restrictions are expected to have limited
    downward space 。 Technically, PVC1705 closed slightly lower, the futures price below the test of support around 6000, the upper test of pressure around 6300, due to the MACD green kinetic energy column gradually shortened, KDJ indicators turned upward, it is expected that the short-term decline space is limited, it is recommended to go long
    in the 6000-6300 range.

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