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PVC morning review on May 30

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

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On Friday, the PVC1609 contract closed down in volatility, testing support around 5000 below, pressure around 5100 above testing, short-term or maintaining range weak shock, relying on 5080 light short positions during the day
.

PVC

News side: 1, Shenyang chemical PVC paste resin temporary stable shipment, leather material M-31 reported at 8200-8300 yuan / ton, the annual output of 150,000 tons / year paste resin plant started 50%, it is understood that the factory maintenance plan in June was postponed to July
.

Raw material prices: 1, Japan naphtha CF Japan reported 417 yuan / ton, down 12.
62; naphtha FOB Singapore reported 44.
49 US dollars / barrel, down 1.
5
.
Ethylene CFR Northeast Asia was at $1110/ton, down 10, and CFR Southeast Asia was at $1090/ton, down 30
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5220 yuan / ton, flat; ethylene law reported 5530 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, down 60, ethylene law reported 5650 yuan / ton, down 20
.
South China calcium carbide method reported 5250, flat, ethylene method 5780 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-turned, but the upstream continues to raise prices, because in the short term under the momentum of price increases, some devices have plans to resume production, and it is expected that the supply of the market will increase or suppress the market to a certain extent
.

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