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    Home > Chemicals Industry > New Chemical Materials > The new regulation of load restriction supported the market and PVC shock closed higher

    The new regulation of load restriction supported the market and PVC shock closed higher

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Today, the PVC1701 contract opened at 6315, with a high of 6370, a low of 6295, and closed at 6325, up 25% or 0.
    4%
    from the previous session.
    The volume increased to 94,938 lots, and the open position increased by 16,908 lots to 24.
    34 lots
    .

    PVC

    News side: 1.
    Shandong Xinfa PVC quotation continued to increase by 20 yuan / ton, and calcium carbide method 5 type materials are now factory to implement 6900 yuan / ton spot exchange
    .
    The 600,000 tons/year plant in the factory area is operating normally, and the shipment is in the near term
    .

    Raw material prices: 1, Japan naphtha CF Japan reported 440.
    25 yuan / ton, down 1.
    25; naphtha FOB Singapore reported 47.
    05 US dollars / barrel, down 0.
    15
    .
    Ethylene CFR Northeast Asia was flat at $1085/mt, and CFR Southeast Asia was flat at $1040/mt
    .

    Spot market: The price of some domestic PVC spot markets increased
    slightly.
    North China calcium carbide law reported 6850 yuan / ton, up 90; ethylene law reported 7110 yuan / ton, up 10; East China calcium carbide law reported 7090 yuan / ton, flat, ethylene law reported 7450 yuan / ton, up 100
    .
    South China calcium carbide method reported 7170, up 150, ethylene method 7370 tons, up 50
    .
    The price of raw materials was basically flat, East China reported 2820 yuan, flat, and Northwest reported 2450 yuan, flat
    .

    The tightening of policies such as the rise in coal, blue charcoal and calcium carbide prices, and the increase in freight rates caused by new load restrictions have provided impetus
    for the continuous increase in PVC prices.
    PVC spot social inventory remained at a medium-low level, and load restrictions led to tight supply in East and South China, and prices continued to rise
    .
    In the future market, the gold nine silver ten small peak season, demand still exists, and heard that most of the enterprise orders pre-sale to mid-October, it is expected that the market supply in the later period is still tight, the second round of environmental protection inspection is about to start, there is a certain favorable support for the market, it is recommended to adopt a strategy
    of bargain hunting and long.
    Technically, PVC1701 oscillated to close higher, short-term above test the pressure around 6500, below test around 6100 support, it is recommended to go long
    in the 6100-6500 range.

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