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    Home > Chemicals Industry > New Chemical Materials > PVC range shock There is still the possibility of a pullback in the short term

    PVC range shock There is still the possibility of a pullback in the short term

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market conditions: PVC range oscillation, V1905 opened 6550 tons, the highest reported 6570 yuan / ton, the lowest reported 6460 yuan / ton, closed 6500 yuan / ton, -1.
    07% from the previous trading day; 236424 volume; Position 311998,-6380
    .

    PVC

    News: According to Longzhong reported on March 11, the total inventory of PVC market in this cycle was 436,000 tons, an increase of 3.
    32% over last week and 10.
    66% over last year; East China increased by 7.
    02% from last week and 7.
    39% year-on-year; South China decreased by 4.
    38% from last week and increased by 19.
    09%
    year-on-year.

    Spot market: the weekend price of PVC market in Qilu Chemical City showed signs of upward adjustment, the quotation of type 5 material was raised by 10 yuan / ton, the mainstream price of calcium carbide type 5 type was 6420-6430 yuan / ton (including tax self-pickup), and the source price of ethylene material Qilu was 6600-6750 yuan / ton
    .
    The PVC market in Shanghai was slightly adjusted, and there were fewer inquiries affected by the downward trend of futures, and the mainstream of 5-type materials of the calcium carbide method was 6350-6520 yuan / ton for self-pickup
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
    during the day.
    Main positions: The top 20 long positions in the main contract are 109432 -1347, the short positions are 110128, -1170, and the net long positions are -696, -177
    .

    Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
    .
    Technically, PVC1905 fell under pressure, the trading volume rose sharply, and the position volume decreased, and the main position of the bulls was slightly smaller than the main force of the bulls, showing that the bears were slightly superior
    .
    The technical indicator MACD median flattened, the red bar became shorter, and the KD indicator high dead cross, indicating that the bears have increased
    their strength.
    It is expected that there is still a possibility of a pullback in the short term, and operationally, it is recommended that investors reduce their holdings in their hands and put in their pockets
    .

     

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