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PVC opens high and goes low, and the short-term trend has slightly strengthened

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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PVC1809 contract opened at 6735, the highest 6775 yuan / ton, the lowest 6685 yuan / ton, closed at 6710 yuan / ton, up 10 yuan, or 0.
15%, from the previous trading day, the volume was 179098 lots, and the position decreased by 4984 lots to 262090 lots
.

PVC

News: The PVC market in Changzhou continues to stabilize, futures are sorted out and operated, the market inquiry atmosphere is acceptable, and the actual transaction can be negotiated
.
The mainstream of ordinary type 5 calcium carbide is 6700-6850 yuan / ton self-pickup
.
Guangzhou PVC market price is stable, calcium carbide five-type material mainstream price in 6740-6890 yuan / ton spot exchange self-pickup, ethyl thin material Dagu 800/1000 type 7150 yuan / ton cash exchange self-pickup, Qilu Chemical City PVC market continues to stabilize, the current calcium carbide method mainstream price in about 6700-6750 yuan / ton (including tax self-pickup), ethylene Qilu source S1000 / S700 mainstream price in 6850-6950 yuan / ton including tax self-pickup
.

Upstream price: naphtha CF Japan reported $662.
25 / ton, down 0.
34%; FOB Singapore was trading at $73.
38 a barrel, down 0.
34%.

ethylene CFR Northeast Asia 1340 US dollars / ton, flat; CFR Southeast Asia was flat at $1220/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 $920; CFR China was trading at $925, up $15; North China calcium carbide law reported 6720 yuan / ton, flat; ethylene law reported 6850 yuan / ton, flat; East China calcium carbide method reported 6750 yuan / ton, flat, ethylene method 6950 yuan / ton, flat; South China calcium carbide method 6820, flat, ethylene method 7200 yuan, flat
.

The PVC1809 contract opened high and low, barely standing above the 10-day moving average at the end, and the short-term trend turned slightly stronger
.

Fundamentally, the peak of device maintenance and the stationing of environmental protection groups for inspection have formed a certain support for the futures price, but the high short-term social inventory has suppressed
the futures price.
The technical indicators diverged, the MACD green bar shortened, and the KDJ low golden cross, indicating that there is a rebound requirement
in the future market.
Operationally, it is advisable
for investors to wait and see for the time being.

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