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    Home > Chemicals Industry > New Chemical Materials > PVC opens high and goes low Pay attention to the support strength of the 6550 line

    PVC opens high and goes low Pay attention to the support strength of the 6550 line

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market conditions: PVC opened high and low, V1909 opened at 6685 yuan / ton, the highest reported 6690 yuan / ton, the lowest reported 6585 yuan / ton, closed 6610 yuan / ton, +0.
    38% from the previous trading day; Volume 286116 lots, -245846 lots; Position 442728 lots, -4392 lots
    .
    Basis 40 yuan, +35 yuan, 9-1 spread 175 yuan, -40 yuan
    .

    PVC

    News: PVC social inventory increased slightly this week, up 1.
    32% from last week and 58.
    25% higher than last year, of which East China increased by 1.
    79% month-on-month and 69.
    40% higher year-on-year; South China remained stable month-on-month, 33.
    33%
    higher year-on-year.

    Spot market: The PVC market in Hebei has improved in the atmosphere, but the transaction is average, the downstream demand is not good, and the downward
    trend is weak.
    The price of 5 type material including tax is delivered at 6600-6680 yuan / ton, and some lower and higher prices have also been heard
    .
    The price of calcium carbide type 5 in Qilu Chemical City was raised by 10 yuan / ton, and the quotation was 6680 yuan / ton (including tax self-pickup), and the price of ethylene material Qilu was raised, S700 was quoted at 6830 yuan / ton, and S1000 was quoted at 6720 yuan / ton
    .

    Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
    within the day.
    Main positions: The top 20 long positions in the main contract are 168267 lots -1993 lots, short positions are 155104 lots, -826 lots, and net long positions are 13163 lots, -1167 lots
    .

    Summary: The high level of crude oil has fallen, the Sino-US trade war has intensified, and downstream demand has generally suppressed the price, but the increase in equipment maintenance has produced certain support
    for PVC prices.
    Technically, PVC1909 opened high and went low, the trading volume shrank sharply, and the position volume also decreased
    significantly.
    The main position shows that the strength of long position reduction is slightly greater than that of short position, and the short side has the advantage
    .
    On the indicator, MACD fell slightly, the green bar flattened, and the KDJ indicator hovered low, with signs of a golden cross, indicating a short-term or rebound
    .
    Pay attention to the support strength of the 6550 line, operationally, it is recommended that investors operate in the 6550-6750 range
    .

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