echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC rebound is blocked indicating greater pressure above

    PVC rebound is blocked indicating greater pressure above

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: PVC rebound blocked, V1909 opened 6810 tons, the highest reported 6895 yuan / ton, the lowest reported 6780 yuan / ton, closed 6810 yuan / ton, +0.
    29% from the previous trading day; Volume 409204 lots, +152648 lots; Position 464644, +24346 lots
    .
    Basis -5 yuan, -15 yuan, 5-9 spread 45 yuan, +15 yuan
    .

    PVC

    News: Recently, the United States launched a 337 investigation
    into China's plastic flooring products.
    Or the final ruling of China's patent infringement, then most of China's flooring will be implicated, and the export volume of plastic flooring will decline
    sharply.
    It is understood that the United States is the country with the largest export volume of PVC flooring products in China, accounting for more than
    50% of the total export volume of products.
    In fact, in February 2019, China's exports to the United States have decreased significantly, only 95,300 tons, a year-on-year decrease of 9.
    11%.

    Spot market: The PVC market in Hebei rose slightly, the supply was tight, the delivery was slow, affected by futures, and the quotation quotation of traders rose
    slightly.
    The quotation of 5 type material excluding tax is delivered at 6250-6350 yuan / ton, the price including tax is 6710-6810 yuan / ton, and some lower and higher prices have also been heard
    .
    The PVC market price of Qilu Chemical City was lowered, the price of calcium carbide type 5 was 6750 yuan / ton (including tax self-pickup), and the price of ethylene Qilu source was 6810-6830 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 0 lots, in the historical low area, stable
    intraday.
    Main positions: the top 20 long positions in the main contract are 146970 lots +5699 lots, short positions are 160333 lots, +7923 lots, and net long positions are -13363 lots, -2224 lots
    .

    The firm trend of crude oil has provided some support to the price, but the sluggish demand for PVC downstream has suppressed the price to a certain extent
    .
    Technically, PVC1909 rushed back down, indicating that the upper pressure was large, and the trading volume and position volume rose sharply, indicating that the long and short sides increased their positions and faced
    each other.
    The technical indicator MACD high is flat, the red bar is contracting, and the KDJ indicator high is dead crossed downward
    .
    Show the superiority
    of the air side.
    Operationally, it is recommended that investors hold short orders cautiously and pay attention to the support of the 6755 line
    .

    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.