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PVC opens low and goes high, intraday volume increases positions

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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calcium carbide sale

market price

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PVC1809 contract opened at 6600, the highest 6665 yuan / ton, the lowest 6550 yuan / ton, closed at 6645 yuan / ton, up 35 yuan, or 0.
53%, from the previous trading day, the volume was 271962, and the position increased by 16866 lots to 252250 lots
.

PVC

News: The PVC market in Changzhou continues to stabilize, the futures range is volatile, the market wait-and-see atmosphere is strong, and the mainstream of ordinary type 5 calcium carbide is 6500-6580 yuan / ton self-pickup
.
Reference price: Sanlian 6520 yuan / ton, Yihua 6550 yuan / ton, Zhongyan 6550 yuan / ton, Xinfa 6550 yuan / ton, Junzheng 6600 yuan / ton, Jintai 6550 yuan / ton, Zhongtai 6580 yuan / ton, Tianye price in 6580 yuan / ton
.
Tianye 3/8 type quotation 6750 yuan / ton
.
Dagu and Qilu were quoted at 6850-6950 yuan/ton to East China, and Hanwha was sent to East
China at 7000 yuan/ton.

Upstream prices: Naphtha CF Japan reported 601.
75 US dollars / ton, up 1.
52%; FOB Singapore was trading at $66.
18 a barrel, up 1.
36%.

ethylene CFR Northeast Asia 1360, up $15; CFR Southeast Asia was trading at $1275 a tonne, up $
15.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR China was flat at $960, CFR Southeast Asia was flat at $960; North China calcium carbide law reported 6460 yuan / ton, unchanged; Ethylene law reported 6700 yuan / ton, flat; East China calcium carbide method reported 6550 yuan / ton, flat, ethylene method 6850 yuan / ton, flat; South China calcium carbide method 6550, flat, ethylene method 6880 yuan, flat
.

The PVC1809 contract opened low and went high, and the intraday volume increased positions, indicating that some funds entered the market to bottom
.
Fundamentally, high inventories, environmental protection inspections and other factors have formed a certain suppression
of the futures price.
However, crude oil rebounded strongly, and the current improvement in downstream demand may support futures prices
.

Technically, the MACD rose after the low golden cross, and the red bar grew, but the KDJ indicator has entered the high area, and there is adjustment pressure
in the short term.
Operationally, investors pay attention to the pressure above the 6680 line, and if it can effectively break through, it can be followed
up shortly.

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