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PVC weak finishing shows that the bears still have the initiative

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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long take azo

short circuit 3

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Market situation: PVC weak finishing, V1905 opened 6235 tons, the highest reported 6285 yuan / ton, the lowest reported 6235 yuan / ton, closed 6270 yuan / ton, -0.
58% from the previous trading day; 165874 volume; Position 335382,-8166 lots
.

PVC

In terms of news, as of March 14, the price of vinyl chloride in Asia fell by $10/ton from the previous week, CFR Far East closed at $730/ton, and CFR Southeast Asia at $750/ton
.
Vinyl chloride prices in Asia fell due to weaker PVC sentiments, with demand expected to decline in April from March, especially in India
.
South Korea's vinyl chloride exports fell 66.
7% to 2,255 tonnes in February, down 49.
9%
from a year earlier.

In the spot market, the PVC market in Qilu Chemical City is weakly adjusted, the market trading atmosphere is not good, the quotation of traders is reduced by 30-40 yuan / ton, the mainstream price of calcium carbide type 5 is 6370-6400 yuan / ton (including tax self-pickup), and the source price of ethylene Qilu is 6600-6750 yuan / ton
.
Guangzhou PVC market price reduced
.
The mainstream price of calcium carbide five-type material is 6350-6450 yuan / ton, and ethylene Dagu 1000 type 7000 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
during the day.
Main positions: The top 20 long positions in the main contract are 117604 lots, -1583 lots, short positions are 116913 lots, -6517 lots, and net long positions are 691 lots, +4934 lots
.

Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
.
Technically, PVC1905 oscillations are lower, short and medium moving averages have lost hope, trading volume has shrunk sharply, positions have also decreased significantly, the main position shows that the main force of bears to reduce positions is much greater than the main force of bulls, and the multi-party dominates
.
The technical indicator MACD oscillation retreated, the green bar became longer, and the KD indicator oscillated and fell, indicating that the bears still occupied the initiative
.
Operationally, it is recommended that investors take the opportunity to sell short
after the rebound.

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