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    Home > Chemicals Industry > New Chemical Materials > PVC opened high and fluctuated, and the position volume increased significantly

    PVC opened high and fluctuated, and the position volume increased significantly

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 7170 yuan, the highest 7230 yuan / ton, the lowest 7130 yuan / ton, closed at 7205 yuan / ton, up 85 yuan, or 1.
    19%, the volume was reported at 112644 lots, and the position increased by 14342 lots to 138504 lots
    .

    PVC

    News: According to the transaction index tracked by professional institutions, the recent market transaction is acceptable, affected by the weather, etc.
    , the arrival in South China is delayed, merchants have indicated that the warehouse supply is less for 2 consecutive weeks, as of August 6, the total amount of PVC social inventory decreased slightly from the previous week, and the sample inventory decreased by 2.
    06% from last week, an increase of 14.
    4% year-on-year; Among them, the inventory in East China increased by 2.
    94% from last week and 33.
    33% year-on-year; Inventories in South China decreased by 13.
    79% month-on-month and increased by 28.
    21%
    year-on-year.

    Upstream price: naphtha CF Japan reported 661 US dollars / ton, up 0.
    30%; FOB Singapore was trading at $72.
    64 a barrel, down 0.
    16%.

    ethylene CFR Northeast Asia 1360 US dollars / ton, flat; CFR Southeast Asia was flat at $1235/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    Spot market: CFR Southeast Asia was flat at $945; CFR China was flat at $960
    .
    North China calcium carbide law reported 7060 yuan / ton, flat; ethylene law reported 7280 yuan / ton, flat; East China calcium carbide method reported 7150 yuan / ton, flat, ethylene method 7300, flat; South China calcium carbide method 7200 yuan, flat, ethylene method 7430 yuan, flat
    .

    Summary of views: The PVC1901 contract opened high and fluctuated, and the position increased
    significantly.
    Fundamentally, social inventories have fallen, and petrochemical companies' price increases have formed a certain support
    for futures prices.
    Technical indicators diverged, MACD continued to oscillate higher, but KDJ indicators continued to diverge
    higher.
    Short-term need to guard against the emergence
    of technical adjustments.
    In terms of operation, it is recommended that investors can reduce their holdings at high prices when they rise sharply, and drop their pockets for safety
    .

     

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