echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC oscillations move lower waiting for directional breakouts

    PVC oscillations move lower waiting for directional breakouts

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market conditions: PVCV2009 contract fluctuated lower on Thursday, closing at 6250 yuan / ton, -65 yuan from the previous trading day; Volume 185827 lots, +57644 lots; Position 189173 lots, -9151 lots, basis 110 yuan, +80 yuan; 9-1 spread 175 yuan, -35 yuan
    .

    PVC

    News: In April 2020, the import volume of vinyl chloride was 79,000 tons, of which 5,000 tons were imported and processed, mainly from Japan and South Korea
    .
    Vinyl chloride was exported to Pakistan 0.
    278 million tons
    .

    As of June 12, the operating rate of 29 domestic calcium carbide production enterprises (involving a production capacity of 14.
    68 million tons) has been reduced, mainly because of the shutdown and maintenance
    of downstream in Ningxia and Qipanjing areas.
    The operating rate was about 80.
    7%, down 0.
    53%
    from last week.

    Spot market: Qilu Chemical City PVC market narrow finishing, calcium carbide method 5 type material price is about 6370 yuan / ton, ethylene method is affected by Qilu unstable start, the price is high, S1000 price is 6650 yuan / ton, S700 price is 6900 yuan / ton, the transaction situation is general
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 601 lots, intraday -0 lots
    .

    Main position: the top 20 long positions in the main contract are 137540 lots, -11534 lots, short positions are 122698 lots, -4835 lots, and the net position is 14842 lots, net long decrease
    .

    Summary: The easing of the overseas epidemic has boosted market confidence, major oil producers have extended the production reduction period, and EIA has raised crude oil demand to support
    the market.
    Fundamentally, crude oil fluctuated at a high level, and the price of vinyl chloride in Asia rebounded
    .
    The maintenance of domestic production enterprises continued, and the pre-sales situation was better
    .
    On the demand side, in April, the domestic real estate market rebounded slightly, while the infrastructure industry also boosted the demand for
    PVC to a certain extent.
    The decline in PVC operating rate, the continued decline in social inventory month-on-month, and Formosa Plastics' increase in July quotations all supported
    the price of PVC.
    However, downstream enterprises are more cautious about PVC procurement and maintain the focus on just-in-demand procurement
    .
    The future market pays attention to whether the support of the lower moving average is strong, and operationally, it is recommended to trade in the short term
    .
    Wait for a directional breakout
    .

    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.