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    Home > Chemicals Industry > New Chemical Materials > PVC shock retreated, and the position volume decreased slightly

    PVC shock retreated, and the position volume decreased slightly

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 7315 yuan, the highest 7335 yuan / ton, the lowest 7140 yuan / ton, closed at 7180 yuan / ton, down 90 yuan, down 1.
    24%, the volume reported 316002 lots, and the position decreased by 3462 lots to 296988 lots
    .

    PVC

    News side: According to the ICIS-MRC price report, some Russian producers announced that the price of SPVC for additional deliveries in August will increase by 1500/mt from August 15, and the price of suspended polyvinyl chloride (SPVC) supplied to the domestic market will further increase by 1000-1500 rubles/mt ($14.
    81-22.
    21/mt).

    In addition, a number of Russian producers announced increases in PVC prices
    in September.
    The total increase in PVC prices compared to early August reached at least Rs 2,000/mt
    .

    Over the past few weeks, SPVC prices in overseas markets have continued to rise, especially in China
    .
    As of mid-August, the export price of Chinese acetylene PVC increased by $30/ton
    compared with July.

    Upstream price: naphta CF Japan reported 637 US dollars / ton, up 0.
    39%; FOB Singapore was trading at $69.
    54 a barrel, up 0.
    32%.

    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 3110 yuan, up 50 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 fell back in volatility, and the position volume decreased
    slightly.
    Fundamentally, social inventories have fallen, and spot prices have been firm to form a certain support
    for futures prices.
    However, spot prices in many overseas places have declined, and they have risen continuously in the early stage, and there is also pressure to adjust in the short term
    .

    Technically, MACD has a high dead cross, the red column turns green, and the KDJ indicator has signs of diverging downward, and short-term technical adjustments need to be
    prevented.
    Operationally, investors can hold short orders cautiously
    .

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