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PVC opens low and goes low Investors hold short orders cautiously in their hands

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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PVC1901 contract opened at 6655 yuan, the highest 6665 yuan, the lowest 6475 tons, closed at 6510 tons, down 185 yuan, or 2.
76%, the volume was 408606, and the position increased by 34162 lots to 300842 lots
.

PVC

News: As of October 15, domestic PVC social stocks fell slightly to 284,800 tons, down 0.
7%
from the previous week (the same below).
Among them, the inventory of PVC enterprises reported 36300 tons, -4.
2%, South China warehouse reported 41100 tons, -2.
4%, East China warehouse reported 115400 tons, +3.
4%, North China traders reported 27800 tons, -2.
8%, South China traders reported 15400 tons, -6.
1%, North China downstream reported 11300 tons, -5.
8%, South China downstream reported 37500 tons, -1.
6%.

In addition, the operating rate of PVC production enterprises reported 90%, -2.
3%, the operating rate of PVC North China downstream reported 84%, +2.
4, and the operating rate of PVC South China enterprises reported 84%, flat
.

Upstream price: Naphtha CF Japan reported $689.
12/mt, +0.
11%; FOB Singapore is trading at $74.
82/b, +0.
09%.

ethylene CFR Northeast Asia 1120 US dollars / ton, +0%; CFR Southeast Asia is trading at $1,020/mt, +0%.

Domestic calcium carbide prices are stable, East China reported 3700 yuan, +0%.

, Northwest reported 3405 yuan, +0%.

Spot market: CFR Southeast Asia quoted $860, +0%; CFR China quoted $860, -0%.

North China calcium carbide law reported 6800 yuan / ton, -0.
29%; Ethylene method reported 6900 yuan / ton, +0%; East China calcium carbide method reported 6700 yuan / ton, -1.
47%, ethylene method 7050 yuan, +0%; South China calcium carbide method 6900 yuan, +0%, ethylene method 7290 yuan, +0%.

PVC1901 opened low and went low, and the trading volume and position volume both rose sharply, indicating that there were short-term funds to increase positions and suppress
.
Fundamentally, the strong price of calcium carbide has formed a certain support for the futures price, but the weak spot price, weak downstream demand, and the high social inventory have suppressed
the futures price.

Technically, the MACD median dead cross is down, the red bar disappears, the green column is outcropping, and the KDJ indicator dead cross is downward, indicating that there is still a pullback requirement
in the short term.
Operationally, investors are advised to hold
short orders with caution.

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