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    Home > Chemicals Industry > New Chemical Materials > PVC shock closed down, and the overall supply of the market was tight

    PVC shock closed down, and the overall supply of the market was tight

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    The PVC1701 contract opened at 5570, with a high of 5585, a low of 5545, and a close of 5550, down 30 from the previous session, or 0.
    54%.

    The volume decreased to 19,774 lots, and the open position decreased by 2,974 lots to 86,772 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 397.
    62 yuan / ton, down 2.
    5; naphtha FOB Singapore reported 42.
    06 US dollars / barrel, down 0.
    29
    .
    Ethylene CFR Northeast Asia was at $1200/ton, up 20, and CFR Southeast Asia was flat at $1070/ton
    .

    Spot market: The price of some domestic PVC spot market is basically flat
    .
    North China calcium carbide law reported 5850 yuan / ton, flat; ethylene law reported 6360 yuan / ton, flat; East China calcium carbide method reported 6000 yuan / ton, flat, ethylene law reported 6500 yuan / ton, flat
    .
    South China calcium carbide method reported 5920, flat, ethylene method 6550 tons, flat
    .
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
    .

    News side: 1.
    Shandong Dongyue PVC today reduced the quotation by 50 yuan / ton, and the calcium carbide method 5 type material was shipped to 6150 yuan / ton
    .
    The plant's 120,000 tons/year PVC plant started about 50%, and the actual transaction was flexible and negotiable
    .

    Fundamentally, affected by environmental protection policies and G20, calcium carbide supply is slightly insufficient, but at present, due to the maintenance of some downstream PVC devices, calcium carbide supply has improved
    .
    PVC social inventory maintained at a moderate to lower level, coupled with some maintenance devices, it is expected that the overall supply in the future market will be tight, which will have a certain supporting effect on PVC prices and limit their decline
    .
    Technically, the PVC1701 contract closed down in volatility, testing the first support level of 5500 below, testing the pressure at the 5700 mark above, and there was a technical pullback, but the overall pullback is expected to be limited, and the short-term focus on support
    around 5500.

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