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    Home > Chemicals Industry > New Chemical Materials > PVC shock closed higher Short-term inventories were at low levels

    PVC shock closed higher Short-term inventories were at low levels

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Thursday, the PVC1609 contract opened at 5590, with a high of 5715, a low of 5550, and a close of 5700, up 65% or 1.
    15%
    from the previous session.
    The volume increased to 34,666 lots, and the open position increased by 470 lots to 142,600 lots
    .

    PVC

    Raw material prices: 1, Japan naphtha CF Japan reported 363.
    62 yuan / ton, down 7.
    62; naphtha FOB Singapore reported 38.
    44 US dollars / barrel, down 0.
    91
    .
    Ethylene CFR Northeast Asia was at $1095/ton, 1095, and CFR Southeast Asia was flat at $1035/ton
    .

    Spot market: The price of some domestic PVC spot market is basically flat
    .
    North China calcium carbide law reported 5450 yuan / ton, flat; Ethylene law reported 5700 yuan / ton, flat; East China calcium carbide law reported 5600 yuan / ton, flat, ethylene law reported 5880 yuan / ton, flat
    .
    South China calcium carbide method reported 5600, flat, ethylene method 5920 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, 2, Tangshan Sanyou PVC paste resin temporary stable quotation, the plant 50,000 tons / year PVC paste resin plant began maintenance on the 26th, is expected to be about
    10-15 days.

    Fundamentally, short-term social inventories are at a low level, but the market follow-up in the off-season demand is insufficient, the overall is tepid, and the futures market is driven by the rise in coal and chemicals, which is strongly volatile
    .
    Technically, the PVC1609 contract closed up in volatility, testing support around 5550 below, testing the pressure at the 5800 mark above, and it is expected to maintain a strong shock in the 5550-5800 range in the short term, it is recommended to rely on the 5600 line light position short
    .

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