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    Home > Chemicals Industry > New Chemical Materials > Social inventories fell back and PVC opened sharply lower

    Social inventories fell back and PVC opened sharply lower

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    PVC1901 contract opened at 7270 yuan, the highest 7470 yuan / ton, the lowest 7200 yuan / ton, closed at 7415 yuan / ton, up 65 yuan, or 0.
    07%, the volume reported 512556 lots, and the position increased by 53492 lots to 306946 lots
    .

    PVC

    News: According to professional institutions: The current global price bearish may weigh down the Asian PVC market, the US export price fell to 805 US dollars / ton FOB USG, FOB northwest Europe price also fell 29 US dollars / ton to 975 US dollars / ton
    .
    CFR Turkey PVC prices continued to fall by $35/mt to $890/mt, a nine-month low
    , impacted by weak demand.
    U.
    S.
    and European suppliers are expected to shift their exports to Asia, particularly India
    .

    Upstream price: naphtha CF Japan reported 644 US dollars / ton, down 0.
    54%; FOB Singapore was trading at $70.
    25 a barrel, down 0.
    61%.

    ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
    .
    Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 33110 yuan, up 50 yuan
    .

    Spot market: CFR Southeast Asia is trading at $950, up $5; CFR China was flat at $960
    .
    North China calcium carbide law reported 7240 yuan / ton, flat; Ethylene law reported 7500 yuan / ton, flat; East China calcium carbide method reported 7300 yuan / ton, flat, ethylene method 7600, flat; South China calcium carbide method 7330 yuan, flat, ethylene method 7680 yuan, flat
    .

    The PVC1901 contract opened sharply lower, but then it was strong, the futures price rebounded, and the final trading regained the 5-day moving average, and the position and trading volume released the recent volume
    .

    Fundamentally, social inventories have fallen, and spot prices have been firm to form a certain support
    for futures prices.
    However, spot prices in many places have declined, and the early period has risen, and there is also pressure to adjust in the short term
    .

    Technically, MACD shows signs of flattening at a high level, and the KDJ indicator continues to diverge
    from a high level.
    Short-term need to guard against the emergence
    of technical adjustments.
    In operation, investors can test short positions lightly when they rise sharply, and stop loss 7550 yuan
    .

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