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    Home > Chemicals Industry > New Chemical Materials > PVC fell sharply and the power of the bears increased

    PVC fell sharply and the power of the bears increased

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: PVC fell sharply, V1905 opened at 6400 tons, the highest was 6405 yuan / ton, the lowest was 6225 yuan / ton, and the close was 6235 yuan / ton, -2.
    88% from the previous trading day; 325752 volume; Position 343548, +50686 lots
    .

    PVC

    News: According to Longzhong Information statistics, the total inventory of PVC market in the Japanese cycle on March 18 was 442,000 tons, an increase of 1.
    38% from last week and an increase of 12.
    47% over last year; East China increased by 1.
    97% from last week and 10.
    28% year-on-year; South China was unchanged from last week, up 18.
    02%
    year-on-year.

    Spot market: the quotation of the PVC market in Shanghai is lowered, traders let the profit shipment, refer to the quotation calcium carbide method 5 type material mainstream 6300-6450 yuan / ton self-pickup, ethylene method market holds steady Dagu Qilu material 1000 model sent at 6700-6800 yuan / ton
    .
    The PVC market in Qilu Chemical City is stable and sorted, the market trading atmosphere is general, the quotation of traders remains stable, the mainstream price of calcium carbide type 5 is 6400-6410 yuan / ton (including tax self-pickup), and the price of ethylene Qilu source is 6600-6750 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
    during the day.
    Main positions: The top 20 long positions in the main contract are 119187, +15741, short positions are 123430, +21074, and net long positions are -4243, -5333
    .

    Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
    .
    Technically, PVC1905 oscillations are lower, short and medium moving averages have lost hope, trading volume and position volume have increased significantly, the main position shows that the main position of the bulls is much less than the main force of the bears, and the bears are dominant
    .
    The technical indicator MACD oscillation retreated, the green bar became longer, and the KD indicator oscillated back, indicating that the strength of the bears increased
    .
    In terms of operation, due to the short-term decline is too rapid, it is recommended that investors take profits on the short-term order in their hands, drop the bag for safety, and then choose the opportunity to sell short
    after the rebound.

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