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    Home > Chemicals Industry > New Chemical Materials > PVC shock rebounded but did not continue

    PVC shock rebounded but did not continue

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 7185 yuan, the highest 7305 yuan / ton, the lowest 7185 yuan / ton, closed at 7235 yuan / ton, up 15 yuan, or 0.
    21%, the volume reported 305742 lots, and the position increased by 1612 lots to 298600 lots
    .

    PVC

    News: Taiwan Formosa Plastics announced PVC cargo quotations in September, stable
    from August.
    CIF China 960 US dollars / ton, CIF India 990 US dollars / ton
    .
    According to the statistics of professional institutions: as of August 20, the trading volume of the PVC market reached the lowest value in three months, the market sales were sluggish, and the enthusiasm of the terminal to take goods was poor
    .
    The total amount of PVC social inventory rebounded slightly from the previous week, and the sample inventory increased by 2.
    3% from last week and 31.
    9% year-on-year; Among them, the inventory in East China decreased by 0.
    8% from last week, and increased by 29% year-on-year; Inventories in South China increased 3.
    8% month-on-month and 39%
    year-on-year.

    Upstream price: naphtha CF Japan reported $643 / ton, up 0.
    94%; FOB Singapore traded at $70.
    18 a barrel, up 0.
    92%.

    ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reported 3290 yuan, up 100 yuan
    .

    Spot market: CFR Southeast Asia was flat at $950; CFR China was flat at $960
    .
    North China calcium carbide law reported 7240 yuan / ton, down 10 yuan; ethylene law reported 7400 yuan / ton, flat; East China calcium carbide method reported 7250 yuan / ton, flat, ethylene method 7600, flat; South China calcium carbide method 7330 yuan, flat, ethylene method 7680 yuan, flat
    .

    The PVC1901 contract rebounded in the morning, but did not continue, giving up gains in the afternoon, and the position increased
    slightly.
    Fundamentally, the stable spot price has formed a certain support for the futures price, but the spot price in many places abroad has declined, and the continuous rise in the early stage has also put pressure
    on the short-term adjustment.

    Technically, MACD has a high dead cross, the red bar turns green, the KDJ indicator continues to diverge downward, and the short-term trend is still weak
    .
    Operationally, investors set short orders in their hands to take profit and hold
    them cautiously.

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