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    Home > Chemicals Industry > New Chemical Materials > PVC weak shock It is recommended to wait and see for the time being

    PVC weak shock It is recommended to wait and see for the time being

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 6670 yuan, the highest 6705 yuan / ton, the lowest 6645 yuan / ton, closed at 6695 yuan / ton, down 10 yuan, down 0.
    15%, the volume reported 167292 lots, and the position increased by 2014 lots to 300576 lots
    .

    PVC

    News: Mitsubishi Chemical Corporation plans to establish a new high-performance polymer production site in Chengdu, Sichuan Province in the spring of 2019 and start production of PVC superabsorbent powders for automotive interior panels and other components
    .
    Ryoka High Performance Polymers (Chengdu) Co.
    , Ltd.
    will have a production capacity
    of 3500 tons/year.

    Upstream price: naphtha CF Japan reported 683.
    38 US dollars / ton, up 0.
    09%; FOB Singapore was trading at $74.
    25 a barrel, up 0.
    28%.

    ethylene CFR Northeast Asia 1270 US dollars / ton, down 30 yuan; CFR Southeast Asia was trading at $1170 a tonne, down $
    25.
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3290 yuan, flat
    .

    Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $930
    .
    North China calcium carbide reported 6800 yuan / ton, down 70 yuan; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6830 yuan / ton, down 20 yuan, ethylene method 7150 yuan, flat; South China calcium carbide method 6950 yuan, flat, ethylene method 7350 yuan, flat
    .

    The PVC1901 contract was weak and volatile, with a slight increase in holdings and a weak short-term trend
    .
    Fundamentally, the strong price of calcium carbide has formed a certain support for the futures price, but the spot price is loose, and the willingness of downstream demanders to take goods is not strong, which suppresses
    the futures price.

    Technically, the MACD oscillation retreated, but the green bar shortened, and the KDJ indicator showed signs
    of divergence at the low.
    Operationally, it is recommended that investors wait and see for the time being
    .

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