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V1905 opened at 6510 tons, the highest reported 6540 yuan / ton, the lowest reported 6475 yuan / ton, closed 6495 yuan / ton, -0.
08% from the previous trading day; 137352 volume; Position 209774,-13394 lots
.
The basis is $22, +$20
.
In terms of news, a major producer of PVC in India announced for the third time since mid-March that it would reduce the price of local PVC products, indicating continued weak demand in this market
.
The latest price reduction was INR 1500/mt ($22/mt), which began to decline
at the end of March 2019.
After the price reduction, unless demand recovers significantly, import prices will also be further reduced in the short term
.
In the spot market, the PVC market price of Qiqilu Chemical City was lowered, affected by the price reduction of the local plant, the quotation of traders was reduced by 10-50 yuan / ton, the mainstream price of calcium carbide type 5 was 6580-6610 yuan / ton, and the source price of ethylene Qilu was 6670-6770 yuan / ton
.
The quotation of PVC market in Shanghai is stable, and the mainstream of calcium carbide method 5 type material is 6450-6580 yuan / ton for self-pickup, and the ethylene method Dagu Qilu material 1000 model is sent to 6800 yuan / ton for negotiation
.
Warehouse receipt inventory, exchange warehouse receipt reported 0 lots, in the historical low area, stable
intraday.
Main positions: the top 20 long positions in the main contract are 80061 lots, -4222 lots, short positions are 44780 lots, -3514 lots, net long positions are 2581 lots, -708 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 fell slightly, the trading volume was basically flat, and the position volume was greatly reduced
.
The main position shows that the main position of the bulls is greater than the main force of the bears, and the bears have the advantage
.
The technical indicator MACD oscillates to the upside, but the red bar contracts, and the KDJ indicator also shows signs
of a high retreat.
Showing that the strength of many parties has weakened, it is recommended that investors wait and see for the time being
.
