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    Home > Chemicals Industry > New Chemical Materials > PVC narrow range oscillation short-term trend is not optimistic

    PVC narrow range oscillation short-term trend is not optimistic

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    PVC1805 contract opened at 6580, the highest 6640 yuan / ton, the lowest 6560 yuan / ton, closed at 6595 yuan / ton, up 40 yuan, or 0.
    61%, from the previous trading day, the trading volume increased to 272166 lots, and the position increased by 21184 lots to 303062 lots
    .

    PVC

    News: U.
    S.
    vinyl chloride monomer closed up $10/mt at $705-715/mt FOB USG
    on Thursday.
    The U.
    S.
    domestic vinyl chloride contract is priced at 39-41 cents per pound
    .
    Shintech's 1.
    4 million tonne-per-year PVC plant in Freeport, Texas, is about to resume production
    .

    Price: CF Japan reported 552.
    75 tons, up 0.
    36%; FOB Singapore was trading at $60 a barrel, up 0.
    35%.

    The ethylene market fell slightly, CFR Northeast Asia 1285, down $5; CFR Southeast Asia was trading at $1195 a tonne, down $
    5.
    Domestic calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
    .

    Spot market: North China calcium carbide law reported 6540 yuan / ton, flat; ethylene law reported 6680 yuan / ton, flat; East China calcium carbide method reported 6650 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
    .

    Today's PVC1805 contract opened slightly higher, and the whole day was sorted out in a narrow range around the 5-day moving average, and the transaction and position increased significantly, indicating that the market sentiment has recovered
    .

    Fundamentally, upstream raw materials and spot prices have remained stable to form a certain support for futures prices, but most downstream enterprises are still stopping, and there is no support on the demand side
    .

    Technically, the PVC1805 contract fluctuates in a narrow range, KDJ and MACD indicators have signs of stopping, but the upper moving average suppresses the futures price obviously, indicating that the short-term trend should not be too optimistic, and the market will pay attention to whether the pressure of the 6660 line can be broken
    .
    The short order in the operator's hand can be held
    cautiously until the 6450 line.

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