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    Home > Chemicals Industry > New Chemical Materials > PVC opened high and went low, and the trading volume rose sharply

    PVC opened high and went low, and the trading volume rose sharply

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    The PVC1905 contract opened at 6450 yuan, the highest 6460 yuan, the lowest 6350 tons, closed at 6350 tons, down 55 yuan, or 0.
    86%, the volume was 131084, and the position increased by 4686 lots to 258176
    .

    PVC

    News: Recently, the arrival price of calcium carbide in Shandong fell again, reporting 3226 yuan / ton, a decrease of 61 yuan / ton
    .
    After stabilizing after a sharp decline in the previous period, the price of calcium carbide is now beginning to fall again, which is expected to be related to
    the increase in calcium carbide production in winter due to lower winter temperatures.
    However, at present, calcium carbide prices have fallen to near the maximum marginal cost, and there is limited
    room for further decline.
    The impact on the PVC market is not large
    .

    Upstream price: naphtha CF Japan reported $493.
    62/mt, -3.
    82%; FOB Singapore is trading at $53/b, -4.
    04%.

    ethylene CFR Northeast Asia 880 US dollars / ton, -4.
    35%; CFR Southeast Asia was quoted at $790/mt, -4.
    82%.

    Domestic calcium carbide prices fell, with East China reporting 3200 yuan, -1.
    86%, and Northwest reporting 3075 yuan, -0%.

    Spot market: CFR Southeast Asia quoted $860, +0%; CFR China is trading at $860, +0%.

    Domestic: North China calcium carbide law reported 6550 yuan / ton, +0.
    31%; Ethylene law reported 6800 yuan / ton, +0.
    74%; East China calcium carbide method reported 6680 yuan / ton, +0.
    45%, ethylene method 7000 yuan, +0.
    73%; South China calcium carbide method 67500 yuan, +0.
    75%, ethylene method 7200 yuan, -0%.

    PVC1905 opened high and went low, the trading volume rose sharply, and the position volume also increased slightly, indicating that the short strategy prevailed
    .
    Fundamentally, spot prices stopped falling and stabilized, and social inventories continued to fall to form a certain support for prices, but the situation between China and the United States is changeable, and the decline in crude oil has revived market concerns
    .

    Technically, the MACD edged to the upside, but the red bar became shorter, and the KDJ indicator showed signs of flattening in the midpoint, indicating that the rebound strength has weakened
    .
    In terms of operation, it is recommended that investors reduce their holdings
    by taking advantage of the high.

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