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    Home > Chemicals Industry > New Chemical Materials > PVC low opening oscillation trading volume and position volume have decreased

    PVC low opening oscillation trading volume and position volume have decreased

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 6425 yuan, the highest 6495 yuan, the lowest 6405 tons, closed at 6450 tons, up 0 yuan, or 0%, the volume was 172730 lots, and the position decreased by 3762 lots to 289528 lots
    .

    PVC

    News: According to data from the National Bureau of Statistics, domestic PVC production in September was 1.
    588 million tons, an increase of 11.
    1% over the same period last year, and the cumulative output from January to September was 13.
    904 million tons, an increase of 5.
    4%
    over last year.
    Customs statistics show that the export volume of PVC pure powder in September 2018 was 37,000 tons, down 19.
    6% from the previous month, the international market price fell sharply, the export arbitrage window was closed, and the export initiative of enterprises was reduced
    .

    Upstream price: Naphtha CF Japan reported 659.
    38 US dollars / ton, -2.
    46%; FOB Singapore is trading at $71.
    54 a barrel, -2.
    44%.

    ethylene CFR Northeast Asia 1070 US dollars / ton, +0%; CFR Southeast Asia is trading at $980/mt, +0%.

    Domestic calcium carbide prices are stable, East China reported 3540 yuan, -0%.

    , Northwest reported 3285 yuan, +0%.

    Spot market: CFR Southeast Asia reported $840, -0%; CFR China is trading at $840, -0%.

    Domestic: North China calcium carbide law reported 6610 yuan / ton, -0%; Ethylene law reported 6800 yuan / ton, -0%; East China calcium carbide method reported 6650 yuan / ton, -0%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6600 yuan, -1.
    49%, ethylene method 7220 yuan, +0%.

    PVC1901 opened low and fluctuated, and the trading volume and position volume were reduced
    .
    Fundamentally, weak spot prices and sluggish downstream demand have suppressed futures prices, but after nine consecutive weeks of decline, there are also obvious signs
    of over-fall in the short term.

    Technically, the MACD indicator is flattening at a low level, and the KDJ indicator has signs of a low golden cross, indicating that the bullish and short forces are converting
    .
    In terms of operation, it is recommended that investors settle the short order in their hands and settle their pockets
    .

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