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    Home > Chemicals Industry > New Chemical Materials > PVC sideways trading volume shrank sharply

    PVC sideways trading volume shrank sharply

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The PVC1901 contract opened at 6300 yuan, the highest 6345 yuan, the lowest 6285 tons, closed at 6325 tons, down 5 yuan, or 0.
    08%, the volume was 141974, and the position decreased by 1382 lots to 276384
    .

    PVC

    News side: As of November 12: According to the analysis of the transaction index tracked by Longzhong, the domestic PVC market trend last week was relatively stable, the market transaction situation was better, and the overall sample warehouse data decreased
    compared with last week.
    As of this week's statistical window, PVC social inventory sample data decreased by 2.
    04% from last week and 16.
    76% from the same period last year; Among them, the inventory in East China was flat from last week, down 17.
    89% year-on-year; Inventories in South China decreased by 6.
    52% month-on-month and 14.
    00%
    year-on-year.

    Upstream Price: Naphtha CF Japan reported $547.
    25/mt, +0.
    71%; FOB Singapore is trading at $58.
    53/b, +0.
    81%.

    ethylene CFR Northeast Asia 940 USD/ton, +0%; CFR Southeast Asia is trading at $860/mt, +0%.

    Domestic calcium carbide prices fell, East China reported 3340 yuan, -1.
    47%, Northwest reported 3125 yuan, -0%.

    Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +0%.

    Domestic: North China calcium carbide law reported 6370 yuan / ton, -0%; Ethylene law reported 6600 yuan / ton, -0%; East China calcium carbide method reported 6400 yuan / ton, -0%, ethylene method 6750 yuan, -0%; South China calcium carbide method 6450 yuan, -0%, ethylene method 7220 yuan, +0%.

    PVC1901 traded sideways, with volume shrinking sharply and positions slightly reduced
    .
    The 20-day moving average still puts a lot of pressure
    on prices.
    Fundamentally, calcium carbide prices have fallen, and the sluggish downstream demand has suppressed futures prices, but social stocks have continued to fall, and after continuous declines, there are certain rebound requirements
    in the short term.

    Technically, the MACD indicator and the KDJ indicator are passivated at a low level, indicating that there are signs of
    overbearing.
    In terms of operation, it is recommended that investors can take advantage of the dip to build a long rebound, and pay attention to strictly setting a stop loss
    .

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