echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC oscillation fall, it is recommended to back the five-day line short short

    PVC oscillation fall, it is recommended to back the five-day line short short

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PVC1709 contract opened at 5970 yuan / ton, the highest 6110 yuan / ton, the lowest 5935 yuan / ton, and closed at 5970 yuan / ton, down 25 from the previous trading day, or 0.
    42%
    on the day.
    The volume increased to 133,700 lots, and the position increased by 12,262 lots to 100,900 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 493.
    12 yuan / ton, up 3; Naphtha FOB Singapore was trading at $53.
    65 a barrel, up 0.
    34
    .
    ethylene CFR Northeast Asia 1165 US dollars / ton, flat; CFR Southeast Asia was flat at $1,040/mt
    .

    Spot market: The price of some domestic PVC spot market fell
    slightly.
    North China calcium carbide law reported 6030 yuan / ton, down 20; ethylene law reported 6390 yuan / ton, down 10; East China calcium carbide law reported 6100 yuan / ton, down 50
    .
    South China calcium carbide method reported 6120 yuan / ton, down 30, ethylene method 6600 tons, flat
    .
    The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
    .

    News side: 1, Lutai Chemical PVC continued to be lowered, the range of 30 yuan / ton, calcium carbide method 5 type material to implement 6150 yuan / ton up and down acceptance, type 3 price 100 yuan / ton, the actual transaction can be negotiated
    .
    The plant's 360,000 tons/year unit is basically full load, the inventory is not high, and the shipment is average
    .

    PVC enterprise maintenance postponed, operating rate maintained at the middle and upper level, resulting in greater market supply pressure, poor willingness to receive goods downstream, lower quotations of enterprises, coupled with real estate regulation, causing greater pressure on the market, upstream coal decline, weakened
    cost support.
    Technically, the PVC1709 contract fluctuated downward, short-term lower test of support around 5850, upper test of pressure near the five-day line, short-term or maintain weak oscillation, it is recommended to back the five-day line short short
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.