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    Home > Chemicals Industry > New Chemical Materials > PVC shock retreats short-term bears still take the initiative

    PVC shock retreats short-term bears still take the initiative

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Market trend, PVC1809 contract opened 6885, the highest 6900 yuan / ton, the lowest 6700 yuan / ton, closed at 6715 yuan / ton, down 150 yuan from the previous trading day, down 2.
    18%, the volume reported 381432 lots, and the position increased by 3730 lots to 291440 lots
    .

    PVC

    In terms of news, the PVC market in Changzhou is mainly stable, futures are volatile, the market trading atmosphere is general, and the actual transaction can be negotiated
    .
    The mainstream of ordinary type 5 calcium carbide is 6880-6980 yuan / ton self-pickup
    .
    The PVC market in Qilu Chemical City is sideways, and the market wait-and-see atmosphere is strong
    .
    The price of PVC market in Guangzhou was reduced, and ethylene material fluctuated
    in a narrow range.
    The mainstream price of calcium carbide five-type material is 6870-7040 yuan / ton, and the spot is self-picked
    .

    Upstream prices, naphtha CF Japan reported 676.
    25 US dollars / ton, down 1.
    53%; FOB Singapore was trading at $75.
    55 a barrel, down 0.
    54%.

    ethylene CFR Northeast Asia 1250 US dollars / ton, flat; CFR Southeast Asia was flat at $1185/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
    .

    In the spot market, CFR China was at $915, down $25, and CFR Southeast Asia was at $920, down $20; North China calcium carbide law reported 6820 yuan / ton, down 20 yuan; ethylene law reported 7040 yuan / ton, down 10 yuan; East China calcium carbide method reported 6950 yuan / ton, flat, ethylene method 7150 yuan / ton, flat; South China calcium carbide method 6980, flat, ethylene method 7280 yuan, flat
    .

    During the day, the PVC1809 contract fell back in shock, and the support of the 6820 line was easily broken, indicating that short-term bears still have the initiative
    .
    Fundamentally, factors such as the peak of device maintenance and the acceleration of traders' inventory reduction have formed a certain support for the futures price, but the large number of short-term profit orders has suppressed
    the futures price.
    Technical indicators have also diverged, MACD green column growth, indicating that there are still requirements for a fall, but KDJ has begun to enter the oversold area, it is expected that PVC will test the support of the 6650-6630 line in the later stage, and there is strong support
    at this position.
    Operationally, investors can choose to reduce their holdings
    near this position.

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