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    Home > Chemicals Industry > New Chemical Materials > PVC showed a volatile upward trend, and the rally remained good

    PVC showed a volatile upward trend, and the rally remained good

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Since the beginning of this year, the price of PVC futures has been showing a volatile upward trend
    .
    From a technical point of view, the rally of PVC remains good and continues to rise
    .
    As of September 13, the price of PVC once again tested the previous pressure of 6700 yuan / ton, and we believe through fundamental analysis that PVC has a high probability of breaking through the previous high upwards, and can take long operations
    .

    PVC

    Since August, domestic calcium carbide prices have continued to rise, and the rally will continue into September
    .
    As of September 13, the spot price of calcium carbide in East China closed at 2950 yuan / ton, up 125 yuan / ton from the end of August, up 4.
    42%.

    At present, there are many factors that have caused the recent continuous rise in calcium carbide prices
    .
    First of all, due to the influence of environmental protection inspection, the calcium carbide equipment (mainly in the northwest region) was slow to restart, resulting in a phased shortage of calcium carbide supply; Secondly, the supply of calcium carbide has also been suppressed due to the recent tight power supply; Finally, the operating load of downstream chlor-alkali enterprises is relatively high, and the stocking of calcium carbide is relatively positive
    .

    The domestic spot market showed an upward trend yesterday, with active trading and good sentiment among participants; Quotations in various places continued to rise, and some traders closed their markets to sell; Downstream enterprises have tight inventories and increased replenishment needs
    .
    The calcium carbide market was still tight yesterday, and prices continued to rise
    .
    PVC downstream enterprises replenish obviously
    .
    Yesterday's opening again rushed up the pressure line of 5700, but the main pressure fell again, and then the narrow range of shock contraction increased positions to close the small black line
    .
    In the spot multi-bullish environment, the futures price is weak, and investors in the future market still need to be
    cautious.

    Looking forward to the future market, the above factors supporting calcium carbide prices do not show obvious signs of weakening, so its supporting effect on calcium carbide prices will continue, calcium carbide is expected to continue the current rally, which will raise the cost of calcium carbide PVC and form a strong support
    for the price of PVC.

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