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The PVC1705 contract opened at 6805, with a high of 6850, a low of 6785, and closed at 6810, up 25 from the previous session, or 0.
37%
on the day.
The volume decreased to 104,900 lots, and the open position increased by 2,744 lots to 145,100 lots
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6650 yuan / ton, flat; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide law reported 6630 yuan / ton, down 30
.
South China calcium carbide method reported 6600 yuan / ton, flat, ethylene method 7100 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
.
News side: 1, China salt Jilantai PVC calcium carbide method 5 type material north to implement 6400 yuan / ton acceptance, South China reported 6650 yuan / ton, East China white 6550 yuan / ton, the plant area 400,000 tons / year device is currently operating normally, the actual transaction negotiation
.
Raw material prices: 1, Japan naphtha CF Japan reported 507.
25 yuan / ton, down 10.
25; naphtha FOB Singapore reported 55.
57 US dollars / barrel, down 1.
13
.
ethylene CFR Northeast Asia 1270 US dollars / ton, up 30; CFR Southeast Asia was flat at $1,095/mt
.
Before the Spring Festival, some enterprises pre-sold to February, and some enterprises raised the ex-factory price due to the tight supply of goods, but the downstream enthusiasm for high-priced raw materials was not high, or the upside of the price was limited
.
Technically, the PVC1705 contract closed in volatility, the futures price tested the support around 6600 below, the pressure around 6850 was tested above, and the futures price may maintain in the 6600-6850 range, and range trading
is recommended.