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The PVC1901 contract opened at 6475 yuan, the highest 6540 yuan, the lowest 6440 tons, and closed at 6475 tons, up 20 yuan, or 0.
31%, the volume was 269028, and the position decreased by 20084 lots to 261326 lots
.
News: The PVC market in Qilu Chemical City still shows signs of downward adjustment, the price of type 5 calcium carbide is reduced by 10 yuan / ton, and the market trading atmosphere is light
.
The mainstream price of calcium carbide type 5 is 6570 yuan / ton (including tax self-pickup), and the mainstream price of ethylene Qilu source S1000/S700 is 6800-7050 yuan / ton including tax self-pickup
.
Guangzhou PVC market quotation is stable, calcium carbide five-type material mainstream price in 6550-6700 yuan / ton cash exchange self-pickup, ethyl thin material Dagu 1000 type 7080 yuan / ton, Changzhou PVC market continues to be stable, trader prices remain stable, ordinary type 5 calcium carbide mainstream at 6600-6680 yuan / ton self-pickup
.
Upstream price: Naphtha CF Japan reported $637.
12/mt, -0.
31%; FOB Singapore is trading at $69.
08/b, -0.
33%.
ethylene CFR Northeast Asia 990/ton, -3.
88%; CFR Southeast Asia was trading at $910/mt, -4.
21%.
Domestic calcium carbide prices fell, East China reported 3490 yuan, -0%.
, Northwest reported 3285 yuan, +0%.
Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +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 6630 yuan / ton, -0%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6600 yuan, -0%, ethylene method 7220 yuan, +0%.
PVC1901 fluctuated at a low level, with a slight increase in trading volume and a significant decrease in position
.
Fundamentally, crude oil fell back and weak spot prices suppressed futures prices, but after nine consecutive weeks of decline, there are obvious signs
of over-falling in the short term.
Technically, the MACD indicator is flat at a low level, and the KDJ indicator is low and the golden cross is up, indicating that there may be a rebound requirement
in the short term.
In terms of operation, it is recommended that investors wait and see for the time being
.