echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC oscillations to the upside short-term multi-party advantage

    PVC oscillations to the upside short-term multi-party advantage

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    V1909 opened at 6750 yuan / ton, the highest was 6795 yuan / ton, the lowest was 6710 yuan / ton, and the close was 6790 yuan / ton, +0.
    97% from the previous trading day; Volume 235356 lots, -58576 lots; Position 435792 lots, +3626 lots
    .
    Basis -90 yuan, +10 yuan, 9-1 spread 180 yuan, -5 yuan
    .

    PVC

    In terms of news, PVC prices in Asia rose by $10-20/ton on Wednesday, CFR China at $880/ton, CFR Southeast Asia at $870/ton, and CFR India at $910/ton
    .

    In the spot market, the price of PVC market in Guangzhou is stable, the mainstream price of calcium carbide five-type material is 6740-6790 yuan / ton in cash exchange, Sanlian reported 6740 yuan / ton, Yanhu reported 6740 yuan / ton, Oriental reported 6750 yuan / ton, Xinfa reported 6760 yuan / ton, Yili reported 6760 yuan / ton, Jinwei reported 6770 yuan / ton, Tianhu reported 6770 yuan / ton, Haina reported 6770 yuan / ton, Jinyuyuan type V reported 6760 yuan / ton
    。 Junzheng new and old factory reported 6790 yuan / ton, ethylene Dagu 1000 type has no quotation, 800 type reported 6890 yuan / ton, 700 type reported 6890 yuan / ton, 1300 type reported 7140 yuan / ton
    .
    Shantou area: Zhongtai reported 6820 yuan / ton, Junzheng old factory reported 6840 yuan / ton, Yili reported 6840 yuan / ton, Jinyuyuan type 5 reported 6840 yuan / ton, Dongfang reported 6840 yuan / ton, real negotiation
    .

    Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
    within the day.
    Main positions: The top 20 long positions in the main contract are 163484 lots +1916 lots, short positions are 157591 lots, +8182 lots, and net long positions are 5893 lots, -6266 lots
    .

    Summary: Downstream demand generally produces a certain suppression on the price of PVC, but the price of the Asian market has rebounded, and the peak period of equipment maintenance has produced certain support
    for the price of PVC.
    Technically, the PVC1909 contract successfully stood on the 60-day moving average, and the short-term trend turned stronger
    .
    MACD low golden cross, red column elongated
    .
    The KDJ indicator also fluctuated higher, indicating a short-term bullish advantage
    .
    In terms of operation, it is recommended that investors hold long orders with caution
    .

    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.