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PVC opens high and goes low and short-term popularity is not strong

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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mt 1

5 25 decimal

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PVC1901 contract opened at 6525 yuan, the highest 6525 yuan, the lowest 6400 tons, closed at 6410 tons, down 45 yuan, or 0.
70%, the volume was 195426, and the position decreased by 5082 lots to 281096 lots
.

PVC

News: PVC market in Qilu Chemical City rose, 5 type material increased by 20 yuan / ton, the market inquiry atmosphere was acceptable, and the transaction situation was general
.
The mainstream price of calcium carbide type 5 is 6500-6530 yuan / ton, and the mainstream price of ethylene Qilu source S1000 is 6550 yuan / ton
.
Guangzhou PVC market quotation increased by 20 yuan / ton, calcium carbide five-type material mainstream price in 6650-6700 yuan / ton, ethylene Dagu 1000 type 7050 yuan / ton, Shanghai PVC market remained stable, real order negotiation mainly
.
The mainstream of calcium carbide method 5 type material is 6480-6550 yuan / ton
.

Upstream price: naphtha CF Japan reported $545.
25/mt, +4.
15%; FOB Singapore is trading at $58.
27/b, +3.
91%.

ethylene CFR Northeast Asia 1030 US dollars / ton, +3%; CFR Southeast Asia was trading at $940/mt, +3.
30%.

Domestic calcium carbide prices fell, East China reported 3340 yuan, -0%, Northwest reported 3075 yuan, -0%.

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

Domestic: North China calcium carbide law reported 6530 yuan / ton, +1.
24%; Ethylene law reported 6550 yuan / ton, -0%; East China calcium carbide method reported 6500 yuan / ton, +0%, ethylene method 6750 yuan, -0%; South China calcium carbide method 6600 yuan, +0%, ethylene method 7200 yuan, -0.
28%.

PVC1901 opened high and low, barely closed above the 5-day moving average at the end, and reduced positions during the session, indicating that short-term sentiment is not strong
.
Fundamentally, calcium carbide prices have fallen, spot prices have risen and fallen to suppress futures prices, but social inventories continue to fall, and after continuous decline, there are certain rebound requirements
in the short term.

Technically, the MACD indicator and the KDJ indicator have signs of a golden cross rising after the low passivation, indicating that there is still a rebound requirement
in the short term.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.

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