echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC low recovery pay attention to the support of the 6700 line

    PVC low recovery pay attention to the support of the 6700 line

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, PVC rebounded, V1909 opened 6755 tons, the highest was 6795 yuan / ton, the lowest was 6725 yuan / ton, and the close was 6785 yuan / ton, -0.
    00% from the previous trading day; Volume 251646 lots, -134818 lots; Position 453258,-5402 lots
    .
    The basis is $20, -$15
    .

    PVC

    In terms of news, the export price of U.
    S.
    PVC has fallen by $45/ton in the past two months, and has fallen to the lowest point
    since September 21, 2016.
    The market said that demand was falling, especially in May, the Asian market is expected to be larger than previously considered, Asian producers said that the current global demand is weak, the US domestic demand is also weak, especially the PVC construction industry this year affected by the prolonged cold weather in the United States, the price remains in the 49-51 cents/lb range (1080-1124 USD/ton) car plate price
    .

    In terms of market, the PVC market in Hebei is running weakly, and the quotation of 5 types of material excluding tax is delivered at 6230-6350 yuan / ton, the price including tax is 6670-6800 yuan / ton, and some lower and higher prices are also heard
    .
    The price of PVC market in Qilu Chemical City was adjusted, the calcium carbide 5 type was reduced by 10 yuan / ton, the quotation was 6740 yuan / ton, the ethylene material Qilu was reduced by 20 yuan / ton, and the price of S1000 was 6790 yuan / ton
    .

    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 contracts are 149500 lots -331 lots, short positions are 153378 lots, -632 lots, and net long positions are -3878 lots, +301 lots
    .

    The firm trend of crude oil has provided some support to the price, but the sluggish demand for PVC downstream has suppressed the price to a certain extent
    .
    Technically, PVC1909 rebounded from the low, but the final session still closed below the short-term moving average, indicating that the upward pressure is still there, the trading volume has shrunk sharply, and the position has also decreased
    .
    Technical indicator MACD high dead cross, red bar contraction, KDJ indicator high dead cross downward, indicating that the bears have the advantage
    .
    In terms of operation, it is recommended that investors hold short orders cautiously in their hands and pay attention to the support of the 6700 line
    .

    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.