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The PVC1901 contract opened at 6445 yuan, the highest 6500 yuan, the lowest 6410 tons, and closed at 6450 tons, up 65 yuan, or 1.
02%, the volume was 233486, and the position decreased by 4836 lots to 281410 lots
.
News: In November, there are currently three sets of PVC installations with maintenance plans in China, Suzhou Huasu originally planned to overhaul the equipment in October postponed to November, the maintenance time is expected to be 1 month, Shandong Lutai Chemical will be overhauled on November 1, the estimated time is 5 days
.
Dezhou Shihua is also expected to carry out maintenance in November, and the production capacity of the three enterprises involved in the equipment is about 770,000 tons, which is significantly lower
than the previous month.
PVC supply is expected to remain accommodative
in November.
Upstream Price: Naphtha CF Japan at $639.
12/mt, +0.
99%; FOB Singapore is trading at $69.
31/b, +1.
01%.
ethylene CFR Northeast Asia 1030 US dollars / ton, -3.
74%; CFR Southeast Asia was trading at $950/mt, -3.
06%.
Domestic calcium carbide prices fell, East China reported 3490 yuan, -1.
41%.
, 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, and the trading volume and position volume decreased
slightly.
Fundamentally, crude oil has fallen sharply, and weak spot prices have suppressed futures prices, but after nine consecutive weeks of decline, there are also obvious signs
of overselling in the short term.
Technically, the MACD indicator is flat at a low level, and the KDJ indicator is also glued at a low level, showing that the power of long and short is basically balanced
.
In terms of operation, it is recommended that investors settle the short order in their hands and settle their pockets
.