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    Home > Chemicals Industry > New Chemical Materials > PVC shock retreats to pay attention to the support strength of the 6700 line

    PVC shock retreats to pay attention to the support strength of the 6700 line

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: PVC shock fall, V1909 opened 6810 tons, the highest reported 6830 yuan / ton, the lowest reported 6745 yuan / ton, closed 6755 yuan / ton, -1.
    24% from the previous trading day; Volume 386464 lots, -22740 lots; Position 458660, -5984 lots
    .
    The basis is 35 yuan, +40 yuan, 5-9 spreads 60 yuan, +15 yuan
    .

    PVC

    News: The export price of U.
    S.
    PVC has fallen by $45/ton in the last two months, reaching the lowest point
    since September 21, 2016.
    The market said that demand was falling, especially in May, the Asian market is expected to be larger than previously considered, Asian producers said that the current global demand is weak, the US domestic demand is also weak, especially the PVC construction industry this year affected by the prolonged cold weather in the United States, the price remains in the 49-51 cents/lb range (1080-1124 USD/ton) car plate price
    .

    Spot market: Longzhong Information reported on April 18: PVC market futures in Hangzhou are weak and volatile, market prices are slightly adjusted, individual prices are lowered, and the mainstream reference of calcium carbide type 5 is 6750-6870 yuan / ton
    .
    The PVC market in Hebei was sideways, and prices remained stable
    .
    The quotation of 5 type material excluding tax is delivered at 6250-6350 yuan / ton, the price including tax is 6710-6810 yuan / ton, and some lower and higher prices have also been heard
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 0 lots, in the historical low area, stable
    intraday.
    Main positions: The top 20 long positions in the main contract are 149831 lots +2861 lots, short positions are 154010 lots, -6323 lots, and net long positions are -4179 lots, +9184 lots
    .

    The firm trend of crude oil has provided some support to the price, but the sluggish demand for PVC downstream has suppressed the price to a certain extent
    .
    Technically, PVC1909 oscillated lower, indicating greater upward pressure, and reduced trading volume and open positions
    .
    The technical indicator MACD high flattened, the red bar contracted, and the KDJ indicator high dead cross downward, indicating that the bearish force has the advantage
    .
    In terms of operation, it is recommended that investors hold short orders cautiously in their hands and pay attention to the support of the 6700 line
    .

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