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PVC morning review on June 7

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

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5 20 oil

ethylene dibromide

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On Monday, the PVC1609 contract closed in volatility, testing support around 5000 below, pressure around 5200 above, maintaining short-term volatility in the 5000-5200 range, recommended range trading
.

PVC

News side: 1, Inner Mongolia Yidong Dongxing Chemical PVC 300,000 tons / year plant started full load, calcium carbide method 5 type material implementation 5050-5100 yuan / ton acceptance factory, the enterprise has a maintenance plan in late June, the actual transaction is a single talk
.

Raw material prices: 1, Japan naphtha CF Japan reported 430.
62 yuan / ton, up 2.
24; naphtha FOB Singapore reported 45.
9 US dollars / barrel, up 0.
29
.
Ethylene CFR Northeast Asia was at $1055/ton, down 15, and CFR Southeast Asia was at $1045/ton, down 20
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5170 yuan / ton, flat; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, flat, ethylene law reported 5650 yuan / ton, flat
.
South China calcium carbide method reported 5220, flat, ethylene method 5650 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Fundamentally, the spot market is under-traded, but the spot market price is stable, short-term profit-driven some devices have plans to resume production, and into the northern summer harvest season in June, demand slows down, market equipment maintenance is small, it is expected that the supply of the market will increase, and the PVC price has limited
upward momentum.

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