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    Home > Chemicals Industry > New Chemical Materials > PVC narrow finishing short-term has obvious signs of overbearing

    PVC narrow finishing short-term has obvious signs of overbearing

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The PVC1901 contract opened at 6390 yuan, the highest 6450 yuan, the lowest 6385 tons, closed at 6420 tons, up 5 yuan, or 0.
    08%, the volume was 205506, and the position decreased by 5218 lots to 249768 lots
    .

    PVC

    News: The PVC market in Hebei is weak and downward, downstream procurement is cautious, transactions are tepid, and traders' offers are loose.

    Type 5 material without tax quotation is delivered at 5930-6010 yuan / ton, the price including tax is delivered at 6450-6530 yuan / ton, and some lower and higher prices have also been heard
    .
    The PVC market in Qilu Chemical City is running stably, traders offer stable quotations, and the market inquiry atmosphere is general
    .

    The mainstream price of calcium carbide type 5 is 6570 yuan / ton (including tax self-pickup), and the mainstream price of type 8 is 6850 yuan / ton
    .
    The mainstream price of ethylene Qilu source S1000 is 6780 yuan / ton including tax self-pickup
    .

    Upstream Price: Naphtha CF Japan reported $641.
    2/mt, +0.
    63%; FOB Singapore is trading at $69.
    52/b, +0.
    64%.

    ethylene CFR Northeast Asia 930 US dollars / ton, -6.
    06%; CFR Southeast Asia was trading at $845/mt, -7.
    14%.

    Domestic calcium carbide prices fell, East China reported 3440 yuan, -0%, Northwest reported 3225 yuan, -0%.

    Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +0%.

    Domestic: North China calcium carbide law reported 6610 yuan / ton, -0%; Ethylene law reported 6780 yuan / ton, -0%; East China calcium carbide method reported 6600 yuan / ton, -0.
    45%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6600 yuan, -0%, ethylene method 7220 yuan, +0%.

    PVC1901 was sorted out in a narrow range, and the trading volume and position volume shrank, indicating that the long and short sides have no intention of fighting
    .
    Fundamentally, raw material prices have fallen, and weak spot prices have suppressed futures prices, but after a continuous decline, there are obvious signs
    of over-fall in the short term.

    Technically, the MACD indicator is flat at a low level, and the KDJ indicator has signs of a golden cross at a low level, indicating that there may be a rebound requirement
    in the short term.
    In terms of operation, it is recommended that investors wait and see for the time being
    .

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