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PVC shock closed up, upward momentum or insufficient

 Last Update: 2022-12-01
 Source: Internet
 Author: User

Tags

type 1 plastic

pressure gauges near

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Today, the PVC1609 contract closed up in shock, below to test the support around 5000, above to test the pressure level near the five-day line, short-term or maintain in the 5000-5200 range oscillation, relying on the 5040 light short position within the day, stop loss 5000, target 5200
.

PVC

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5420 yuan / ton, flat; ethylene law reported 5660 yuan / ton, flat; East China calcium carbide law reported 5390 yuan / ton, flat, ethylene law reported 5750 yuan / ton, flat
.
South China calcium carbide method reported 5450, flat, ethylene method 5800 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2300 yuan, flat
.

News side: 1, Sichuan Yibin Tianyuan PVC 380,000 tons / year installation No.
3.
22 parking, planned to drive today, calcium carbide 5 type Sichuan temporarily no quotation, inventory to maintain old customers
.
1.
Japan Naphtha CF Japan reported $394.
75 / ton, up 4.
87; naphtha FOB Singapore reported $42.
27 / barrel, up 0.
65
.
Ethylene CFR Northeast Asia was flat at $1205/mt, and CFR Southeast Asia was flat at $1160/mt
.

The downstream terminal has a weak sentiment for the purchase of high-priced raw materials, and more on-demand goods are taken, but PVC enterprises do not have much inventory, and the factory price is firm, but in the short term, under the resistance mood, the momentum of PVC price increases is insufficient, and it is expected to maintain range volatility
in the short term.

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