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    Home > Chemicals Industry > New Chemical Materials > PVC rebounded Holdings shrank sharply

    PVC rebounded Holdings shrank sharply

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: PVC rebounded on Friday, V1905 opened at 6430 yuan / ton, the highest was 6500 yuan / ton, the lowest was 6430 yuan / ton, and the close was 6500 yuan / ton, +1.
    40% from the previous trading day; Volume 169830; Position 287184, -11004
    .

    PVC

    News: As of February 28: CFR Far East Vinyl Chloride rose $15/ton at $740/ton, CFR Southeast Asia vinyl chloride rose $10/ton at $760/ton
    .
    The Keiyo Monomer plant in Chiba, Japan, began overhauling its 200,000-tonne-per-year vinyl chloride plant at the end of January until the end of March, and a new PVC plant will be opened in April, further tightening the regional vinyl chloride supply
    .
    However, it is also believed that the trend of vinyl chloride prices in Asia is limited
    by the negative impact of weak downstream PVC demand.

    In terms of market, the PVC market in Qilu Chemical City is running weakly, with traders' quotations loosening 40-60 yuan / ton, calcium carbide 5 mainstream prices 6340-6360 yuan / ton (including tax self-pickup), and ethylene Qilu source prices at 6600-6750 yuan / ton
    .
    The real focus of some prices in the PVC market in Shanghai was lowered, and the mainstream of calcium carbide type 5 material was quoted for self-pickup, and ethylene method Dagu Qilu material was sent to 6700-6900 yuan / ton
    .

    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 102113,-6661, the short positions are 100516,+1266, and the net long positions are 1597,-7927
    .

    Fundamentally, the strong trend of crude oil has produced certain support for the price, but during the long holiday, the accumulation of inventory by production enterprises is obvious, and just after the long holiday, the sluggish demand for PVC downstream has a certain suppression
    on the price.

    Technically, PVC1905 rebounded sharply, with an increase in trading volume, but a significant contraction in holdings
    .
    The technical indicator MACD median flattened, the green bar became shorter, and the KD indicator had a median flattening, indicating that the bulls and bears did not give
    in to each other in the short term.
    In terms of operation, it is recommended that investors close their hands on high positions, and those who are short can test short positions lightly when they rush high
    .

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