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PVC opens high and goes low, and when it falls, it can build more light positions

 Last Update: 2022-12-14
 Source: Internet
 Author: User

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PVC1905 contract opened at 6510 yuan, the highest 6530 yuan, the lowest 6445 tons, closed at 6465 tons, down 5 yuan, or 0.
08%, the volume was 175460 lots, and the position decreased by 14308 lots to 270312 lots
.

PVC

Upstream Price: Naphtha CF Japan reported $472.
25/mt, -2.
78%; FOB Singapore is trading at $50.
09/b, -3.
17%.

ethylene CFR Northeast Asia 930/mt, +2.
2%; CFR Southeast Asia was trading at $830/mt, +2.
47%.

Spot market: CFR Southeast Asia at $880, +1.
15%; CFR China is trading at $885, +1.
72%.

Domestic: North China calcium carbide law reported 6560 yuan / ton, +0%; Ethylene law reported 6980 yuan / ton, +0%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7000 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

PVC1905 opened high and went low, and positions continued to decrease
.
Fundamentally, the gradual decline in demand has suppressed the price to a certain extent, but the spot price has stopped falling and stabilized, and the continuous decline in social inventory has formed a certain support
for the price.

Technically, the KD indicator golden cross is upward, the short-term downside is limited, and the support near the five-day line is focused below
.
In terms of operation, it is recommended that investors hold long positions cautiously, and those who have short positions can build long positions lightly when they fall
.

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