echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC narrow finishing There is still the possibility of adjustment in the short term

    PVC narrow finishing There is still the possibility of adjustment in the short term

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market conditions: PVC narrow finishing, V1905 opened 6515 tons, the highest reported 6540 yuan / ton, the lowest reported 6490 yuan / ton, closed 6510 yuan / ton, +0.
    15% from the previous trading day; 101834 volume; Position 308068, -3930
    .

    PVC

    News: The current inventory pressure of pre-sale manufacturers is basically not large, and individual companies have maintenance arrangements, slightly higher quotations
    .
    However, the situation of oversupply is obvious, merchants are mainly flexible to take goods, the actual digestion capacity is difficult to improve in the short term, more fixed users or small orders
    .

    Spot market: Qilu Chemical City PVC market stable operation, market trading atmosphere is general, traders quotation is stable, calcium carbide 5 mainstream price 6420-6430 yuan / ton (including tax self-pickup), ethylene Qilu source price in 6600-6750 yuan / ton
    .
    The price of Guangzhou PVC type 5 market was stable, and ethylene 800 type fell by 70 yuan / ton
    .
    The mainstream price of calcium carbide five-type material is 6430-6540 yuan / ton, and ethylene Dagu 1000 type 7000 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
    during the day.
    Main positions: The top 20 long positions in the main contract are 108475 -957, short positions are 110013, -115, and net long positions are -1538, -842
    .

    Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
    .
    Technically, PVC1905 narrow finishing, trading volume has shrunk sharply, positions have also decreased, and the main force of bulls has reduced their positions more than the main force of bulls, showing that the bears are slightly superior
    .
    The technical indicator MACD median flattened, the red bar became shorter, and the KD indicator oscillated and retreated, indicating that the strength of the bears has increased
    .
    It is expected that there is still the possibility of adjustment in the short term, and operationally, it is recommended that investors reduce their holdings in their hands and put them in their pockets
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.