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PVC market quotations are temporarily stable, and futures fluctuate in a narrow range

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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The main contract of PVC futures on the Dalian Commodity Exchange 1609 opened at 5740 yuan / ton, closing at 5770 yuan / ton, up 25 yuan / ton, or 0.
44%, from yesterday's settlement price of 5745 yuan / ton, trading range 5705-5785, trading 23334 lots, holding 148452.

PVC

Today's domestic PVC market quotations are temporarily stable, futures fluctuate in a narrow range, northwest and manufacturers quotations are stable, individual manufacturers make up for the rise, downstream products enterprises are slightly resistant to high prices, but in order to maintain production, can only be forced to take goods, production cost pressure gradually increased, some manufacturers began to reduce production load, PVC is expected to remain high next week
.

Up to now: the mainstream quotation of calcium carbide type 5 material in the East China market is 5580-5650 yuan / ton self-pickup, and the mainstream quotation of ethylene PVC is about 5750-5850 yuan / ton
.
The mainstream quotation of type 5 calcium carbide in the South China market is 5600-5720 yuan / ton self-pickup, and the mainstream quotation of ethylene PVC is 5800-5950 yuan / ton self-pickup
.

Fundamentally, the sharp rise in commodities such as coal and iron ore within the day has led to the strengthening of PVC futures prices, but the downstream enthusiasm for high-priced raw material procurement is weak, and futures have risen sharply to spot, and the market is facing the arrival of the demand off-season, and it is expected that the price increase space is limited
.
Technically, the PVC1609 contract closed in volatility, testing support around 5600 below, testing the pressure at the 5900 mark above, and short-term recommendations to short in the 5600-5900 range
.

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