echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC contract volume rebound is still subject to pressure from the upper moving average

    PVC contract volume rebound is still subject to pressure from the upper moving average

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the PVC1809 contract opened at 6755, the highest 6855 yuan / ton, the lowest 6710 yuan / ton, closed at 6815 yuan / ton, up 75 yuan, or 1.
    11%, from the previous trading day, the volume was 235862 lots, and the position decreased by 9336 lots to 264182 lots
    .

    PVC

    In terms of news, the PVC market in Changzhou has improved, the market inquiry atmosphere is better, and the actual transaction can be negotiated
    .
    The mainstream of ordinary type 5 calcium carbide is 6850-6950 yuan / ton self-pickup
    .
    The quotation of ethylene low-price source is about
    7050-7150 yuan / ton.
    The price of PVC market in Guangzhou was lowered, and the mainstream price of calcium carbide five-type material was 6810-6980 yuan / ton
    .
    The PVC market in Qilu Chemical City is sideways, and the market wait-and-see atmosphere is strong
    .

    Upstream prices, naphtha CF Japan reported $694.
    38 / ton, up 0.
    53%; FOB Singapore was trading at $77.
    32 a barrel, up 0.
    42%.

    ethylene CFR Northeast Asia 1250 US dollars / ton, flat; CFR Southeast Asia was flat at $1185/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    In the spot market, CFR China was flat at $915, and CFR Southeast Asia was flat at $920; North China calcium carbide law reported 6830 yuan / ton, up 30 yuan; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide method reported 6900 yuan / ton, up 50 yuan, ethylene method 7050 yuan / ton, flat; South China calcium carbide method 6900, flat, ethylene method 7280 yuan, flat
    .

    During the day, PVC1809 contracts rebounded, but were still subject to pressure
    from the upper moving average.
    Fundamentally, the peak of device maintenance and the stationing of environmental protection groups for inspection have formed a certain support for the futures price, but the high short-term social inventory has suppressed
    the futures price.
    Technical indicators have also diverged, MACD green column flat, KDJ has begun to have a turn spot, later focus on whether the pressure level around 6860 can be broken, operationally, it is recommended to trade in the range of 6700 to 6900
    .

    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.