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    Home > Chemicals Industry > New Chemical Materials > PVC reduced position retreated, and the lower moving average provided support

    PVC reduced position retreated, and the lower moving average provided support

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    PVC1809 contract opened at 6940 yuan, the highest 6950 yuan / ton, the lowest 6850 yuan / ton, closed at 6860 yuan / ton, down 80 yuan, down 1.
    15%, the volume reported 227792 lots, and the position decreased by 33910 lots to 223296 lots
    .

    PVC

    News: When the calcium carbide slag warehouse of the second dry plant of Jinchang Jinni Group was preparing for maintenance, an explosion accident occurred, resulting in 4 deaths and 2 injuries
    .
    With an annual output of 2 million tons of various types of cement, 50,000 tons of series bentonite, 2 million tons of limestone mining, 40 million packaging bags, and 6 million tons of automobile transportation capacity, the enterprise is a backbone cement enterprise
    in Gansu Province.
    The accident occurred at the calcium carbide slag cement production line
    .
    Since the accident is a calcium carbide slag production line
    .
    It is expected that the impact on PVC will be small, and the impact on cement will be large
    .

    Upstream price: naphtha CF Japan reported 642.
    75 US dollars / ton, down 1.
    23%; FOB Singapore was trading at $70.
    52 a barrel, down 1.
    25%.

    ethylene CFR Northeast Asia 1410 US dollars / ton, up 10 US dollars; CFR Southeast Asia was flat at $1280/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $935; North China calcium carbide law reported 6900 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6920 yuan / ton, flat, ethylene method 7100, flat; South China calcium carbide method 6920 yuan, flat, ethylene method 7150 yuan, flat
    .

    The PVC1809 contract reduced its position and retreated, and the lower moving average temporarily provided support for it
    .
    Fundamentally, the peak of equipment maintenance, social inventories continued to fall, and the stationing of environmental protection teams to inspect formed a certain support for futures prices, but the escalation of the Sino-US trade war formed a certain suppression
    of it.

    Technical indicators, MACD red bar flat, KDJ indicator has signs of turning around, indicating a rebound or will die
    .
    The future market pays attention to the support of the 6800 line, and operationally, investors should
    wait and see for the time being.

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