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PVC morning review on April 6

 Last Update: 2022-12-01
 Source: Internet
 Author: User

Tags

oscillation

test ph level

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PVC1609 contract fell after oscillation, below test the support around 5000, above test around 5300 pressure level, short-term or maintain in the 5000-5300 range oscillation, it is recommended to go long
in the range.

PVC

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5420 yuan / ton, flat; ethylene law reported 5660 yuan / ton, flat; East China calcium carbide law reported 5390 yuan / ton, flat, ethylene law reported 5750 yuan / ton, flat
.
South China calcium carbide method reported 5450, flat, ethylene method 5800 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2300 yuan, flat
.

Upstream price: Japan naphtha CF Japan reported 387.
75 US dollars / ton, down 7; Naphtha FOB Singapore was trading at $41.
50 a barrel, down 0.
77
.
Ethylene CFR Northeast Asia was flat at $1205/mt, and CFR Southeast Asia was flat at $1160/mt
.

News side: 1, Shandong Xinfa PVC price reduction, range of 50 yuan / ton, calcium carbide method 5 type implementation of 5400 yuan / ton cash withdrawal, the company's 600,000 tons / year equipment normal production, enterprise negative inventory, the actual transaction has a certain space
for negotiation.

Downstream terminals have a weak sentiment for the purchase of high-priced raw materials, and more take goods on demand, and some companies have lowered factory prices, but the maintenance of equipment in the future market is expected, and it is expected that the room for price reduction is limited
.

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