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PVC morning review on July 21

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

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On Wednesday, the PVC1609 contract closed in volatility, testing support around 5600 below, testing pressure at the 5800 mark above, and short-term recommendations for short orders at 5750 to continue holding
.

PVC

Raw material prices: 1, Japan naphtha CF Japan reported 393.
75 yuan / ton, down 9; Naphtha FOB Singapore was trading at $41.
91 a barrel, down 1
.
Ethylene CFR Northeast Asia was flat at $1135/mt, and CFR Southeast Asia was flat at $1085/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5450 yuan / ton, flat; ethylene law reported 5650 yuan / ton, up 50; East China calcium carbide law reported 5600 yuan / ton, flat, ethylene law reported 5700 yuan / ton, up 50
.
South China calcium carbide method reported 5620, flat, ethylene method 5820 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1, Ningxia Yinglite PVC today quotation reduced by 50 yuan / ton, leather material P450 reported 7500 yuan / ton acceptance factory, East China sent to the execution of 8050 yuan / ton about down
.
The 40,000 tons/year plant in the plant is operating normally, and the transaction is flexible and negotiable
.

Fundamentally, the downstream enthusiasm for the purchase of high-priced raw materials is weak, and futures have risen sharply to spot, and the short-term downstream is in the off-season of demand, and the market supply pressure is gradually increasing, and it is expected that the price increase momentum is insufficient
.

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