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    Home > Chemicals Industry > New Chemical Materials > PVC rebounded weakly up slightly from the previous session

    PVC rebounded weakly up slightly from the previous session

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: PVC rebound weak, V1905 opened 6265 tons, the highest reported 6315 yuan / ton, the lowest reported 6260 yuan / ton, closed 6270 yuan / ton, +0.
    16% from the previous trading day; 147372 volume; Position 318886,-16496 lots
    .

    PVC

    News: Longzhong Information reported on March 20: Taiwan Formosa Plastics announced its April shipping schedule quotation, the price was reduced by 50-60 US dollars / ton, CIF China at 840 US dollars / ton, CIF India at 900 US dollars / ton, FOB China Taiwan at 820 US dollars / ton, all regions above 500 tons preferential 10 US dollars / ton
    .

    Spot market: Qilu Chemical City PVC market weak downward, market trading atmosphere is not good, the quotation of 8 type material is reduced by 100 yuan / ton, the mainstream price of calcium carbide type 5 is 6370 yuan / ton (including tax self-pickup), and the price of ethylene material Qilu source is 6600-6650 yuan / ton
    .
    The price of Guangzhou PVC market is stable
    .
    The mainstream price of calcium carbide five-type material is 6350-6450 yuan / ton, and ethylene Dagu 1000 type 7000 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 112339 lots, -5265 lots, short positions are 112125 lots, -4788 lots, net long positions are 214 lots, -477 lots
    .

    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 shock rebounded slightly, short-term is still subject to the 5-day moving average, trading volume has decreased significantly, the amount of positions has also fallen sharply, the main position shows that the main force of the short position reduction is slightly less than the main force of the bulls, and the bears are slightly superior
    .
    The technical indicator MACD oscillation retreated, the green bar became longer, and the KD indicator oscillated back, indicating that the bears still occupied the initiative
    .
    Operationally, investors are advised to hold
    short orders with caution.

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