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PVC dip rebounds The short-term rebound is expected to continue

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Market conditions: PVC low rebound, V1905 opened 6500 tons, the highest reported 6545 yuan / ton, the lowest reported 6450 yuan / ton, closed 6520 yuan / ton, +0.
08% from the previous trading day; 165884 volume; Position 231136,-650 lots
.

PVC

News: Thailand's PVC ship futures source quotation is 850 US dollars / ton CIF China, and the domestic takeover intention is 810 US dollars / ton, mainly considering tax stamps and domestic market conditions, and the transaction
has not been heard of at present.

Spot market: As of March 28, the price of vinyl chloride in Asia fell $10/mt CFR Far East closed at $700/mt and CFR Southeast Asia at $730/mt
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 86724 lots, -3123 lots, short positions are 82736 lots, -4898 lots, and net long positions are 3988 lots, +1775 lots
.

Fundamentally, the inventory of production enterprises remains high, and the sluggish downstream demand for PVC has caused a certain suppression
of prices.
However, the strong trend of crude oil has provided some support
to prices.
Technically, PVC1905 has rebounded, trading volume has decreased significantly, and holdings have shrunk
slightly.
The main position shows that the main position of the bulls is less than the main force of the bears, and the bulls have the advantage
.
The technical indicator MACD low golden cross, the red bar elongated, the KDJ indicator oscillated upward, indicating that the bulls still have the advantage
.
The short-term rally is expected to continue
.

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