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PVC morning review on May 5

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

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On Wednesday, the PVC1609 contract closed in volatility, testing support around 5000 below, pressure around 5300 above, short-term or maintaining range-bound, short-term recommended trading in the 5000-5300 range
.

PVC

News side: 1, Tangshan Sanyou PVC paste resin price new report, leather material XP170 implementation of 7700-7800 yuan / ton acceptance factory, glove material XP140 slightly higher 100 yuan / ton, manufacturers said that in June for 50,000 tons / year device has a maintenance plan
.

Raw material prices: 1, Japan naphtha CF Japan reported 403 yuan / ton, down 19.
75; naphtha FOB Singapore reported 42.
96 US dollars / barrel, down 2.
22
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5270 yuan / ton, flat; ethylene law reported 5530 yuan / ton, flat; East China calcium carbide law reported 5330 yuan / ton, down 30, ethylene law reported 5700 yuan / ton, unchanged
.
South China calcium carbide method reported 5300, down 20, ethylene method 5750 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which strengthens the support for PVC costs, and the fundamentals are expected to maintain range-bound
volatility in the short term.

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