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    Home > Chemicals Industry > New Chemical Materials > PVC prices remain high and the short-term trend has become stronger

    PVC prices remain high and the short-term trend has become stronger

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Last week, the domestic price of PVC East China V material fell compared with before, the spot in South China and East China was still lacking, the price remained high, and East China and South China remained normal
    .
    PVC prices in Asia are up $5-15/ton from last week, CFR China at $830/ton, CFR Southeast Asia at $825/ton, CFR India at $855/ton
    .

    PVC

    Major PVC producers are expected to announce January quotations
    in mid-December.
    In Southeast Asia, due to weak demand in Malaysia, Singapore enters the monsoon season, and demand is expected to pick up
    after the Lunar New Year, usually after the monsoon ends.
    U.
    S.
    PVC prices continued to hold steady at $730-740/ton FAS Houston, and it is understood that prices are expected to be $750/ton in January, up $10/ton
    from December.

    The operating rate of domestic PVC production enterprises increased by 1.
    06% from last week to 79.
    48%, 2.
    11% lower than the same period last year; Among them, the calcium carbide method increased by 0.
    21% month-on-month to 81.
    21%, an increase of 0.
    72% year-on-year, and the ethylene method increased by 2.
    67% month-on-month to 77.
    67%, down 15.
    78%
    year-on-year.
    PVC production enterprises maintenance loss was 32,940 tons, down 0.
    08% from last week, and maintenance loss in November was 178,600 tons, down 43.
    99% from the previous month, an increase of 36.
    99%
    over the same period last year.
    This week's PVC social inventory decreased by 23.
    23% month-on-month, 40.
    16% year-on-year, in terms of East China, it decreased by 21.
    18% month-on-month and 30.
    93% year-on-year, and South China decreased by 35.
    71% month-on-month and 70% year-on-year
    .
    East China stocks are 67,000 tons, South China 09,000 tons
    .

    During the week, the domestic calcium carbide market was mainly stable, but the market inventory accelerated consumption, the mentality of the industry to increase has intensified, and in terms of blue charcoal, the blue charcoal market in Shaanxi is weak and consolidated
    .
    Raw coal was affected by mine disasters and safety inspections rose slightly, the cost was obviously supported by blue charcoal, calcium carbide started without improvement, and small and medium-sized materials of blue charcoal were still in the stage of destocking
    .

    Technically, PVC2001 volatility retreated, but the weekly closing price still successfully stood above the moving average, and the short-term trend turned stronger
    .
    Technical indicators MACD median gold cross up, red bar elongation, KDJ median gold cross up, send a long signal, short-term rally is expected to be continued
    .
    Operationally, it is recommended that investors wait for their prices to return to near the moving average to go long
    on dips.

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