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    Home > Chemicals Industry > New Chemical Materials > PVC shock to the downside hit a new low in recent times

    PVC shock to the downside hit a new low in recent times

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The PVC1901 contract opened at 6470 yuan, the highest 6485 yuan, the lowest 6340 tons, and closed at 6345 tons, down 120 yuan, or 1.
    86%, the volume was 283842, and the position increased by 25666 lots to 332918 lots

    PVC

    News: The price of vinyl chloride monomer fell slightly by $5/ton this week, mainly due to the weak trend of downstream PVC, and the current spread between PVC and VCM remained at $145/ton
    .
    The domestic calcium carbide market showed a weak decline, and the downstream arrival situation was good
    .
    In terms of raw material blue charcoal, the domestic blue charcoal market has moved steadily this week, with sporadic upward adjustments, limestone has been affected by environmental protection, and procurement is relatively tight, which does not affect production
    for the time being.
    Downstream PVC into the maintenance season, the weakening of calcium carbide demand has led to the phenomenon of pressing cars in some factories, as the maintenance of Tangshan Sanyou, Ordos and other maintenance continues next week, the market continues to show a weak trend

    Upstream Price: Naphtha CF Japan reported $675.
    25/mt, -3.
    21%; FOB Singapore is trading at $73.
    2/b, -3.
    3%.

    ethylene CFR Northeast Asia 1100 US dollars / ton, -0%; CFR Southeast Asia is trading at $1,010/mt, -0%.

    Domestic calcium carbide prices are stable, East China reported 3650 yuan, -0%.

    , Northwest reported 3435 yuan, +0.
    88%.

    Spot market: CFR Southeast Asia reported $840, -0%; CFR China is trading at $840, -0%.

    Domestic: North China calcium carbide law reported 6780 yuan / ton, -0%; Ethylene method reported 6900 yuan / ton, +0%; East China calcium carbide method reported 6650 yuan / ton, -0%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6770 yuan, -0.
    51%, ethylene method 7100 yuan, +0%.

    PVC1901 fluctuated to the downside, hitting a new low in recent times, with trading volume shrinking slightly, but holding increased significantly
    .
    Fundamentally, weak spot prices and sluggish downstream demand have suppressed
    futures prices.

    Technically, the MACD median dead cross is downward, the green column is growing, and the KDJ indicator dead cross is downward, indicating that there is still a pullback requirement
    in the short term.
    In terms of operation, it is recommended that investors set a take profit in their hands and hold
    them cautiously.

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