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    Home > Chemicals Industry > New Chemical Materials > PVC opens low and goes high It is recommended to trade in the range

    PVC opens low and goes high It is recommended to trade in the range

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    The PVC1705 contract opened at 6590, with a high of 6615 and a low of 6400, and closed at 6410, down 260, or 3.
    9%,
    from the previous session.
    The volume increased to 193,700 lots, and the open position decreased by 3,954 lots to 112,800 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 487.
    62 yuan / ton, down 2.
    5; naphtha FOB Singapore reported 52.
    68 US dollars / barrel, down 0.
    16
    .
    ethylene CFR Northeast Asia 1315 US dollars / ton, flat; CFR Southeast Asia was flat at $1125/mt
    .

    Spot market: The price of some domestic PVC spot market is basically flat
    .
    North China calcium carbide law reported 6430 yuan / ton, down 20 yuan / ton; ethylene law reported 6820 yuan / ton, down 100 yuan / ton; East China calcium carbide law reported 6430 yuan / ton, flat
    .
    South China calcium carbide method reported 6400 yuan / ton, down 50 yuan / ton, ethylene method 7000 tons, flat
    .
    The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
    .

    News side: 1.
    External network news: Kem One and Chemplast Sanma recently announced plans to build a new CPVC plant
    in India.

    PVC enterprise factory quotation is basically stable, short-term enterprise inventory slightly declined, but downstream affected by environmental protection, orders are small, demand follow-up is insufficient, spot market prices fell slightly, late spring maintenance opened, market supply pressure may be eased, it is expected that the price decline space is limited
    .
    Technically, PVC1705 contract opens low and goes high, short-term lower test of support around 6250, upper test of pressure around 6600, short-term dragged down by the decline of chemicals, insufficient upward momentum, futures price or maintain in the 6250-6600 range oscillation, recommended range trading
    .

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