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Today, the PVC1701 contract opened at 5580, with a high of 5640, a low of 5580, and closed at 5610, up 25% or 0.
45%
from the previous session.
The volume increased to 44234 lots, and the open position increased by 6812 lots to 92734 lots
.
Raw material prices: 1, Japan naphtha CF Japan reported 396.
5 yuan / ton, up 6.
5; naphtha FOB Singapore reported 42.
03 US dollars / barrel, up 0.
73
.
Ethylene CFR Northeast Asia was flat at $1195/mt, and CFR Southeast Asia was flat at $1065/mt
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5900 yuan / ton, flat; ethylene law reported 6360 yuan / ton, flat; East China calcium carbide law reported 5920 yuan / ton, flat, ethylene law reported 6550 yuan / ton, flat
.
South China calcium carbide method reported 5970, flat, ethylene method 6580 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.
News side: 1, Shandong Xinfa PVC quotation today increased by 30 yuan / ton, calcium carbide method 5 type material factory implementation 5950 yuan / ton spot exchange
.
The plant started 600,000 tons/year of equipment stably, and the shipment was made in the near term
.
The environmental protection inspection is gradually over, and the supply of calcium carbide has improved
.
PVC social inventory maintained a moderate lower level, coupled with some maintenance devices, the market supply pressure is not large, but near the delivery month, the exchange warehouse receipt increases, if the source of goods into the market, there may be some suppression of the price, but the January contract price discount spot, there is a certain space for repair in the short term
.
Technically, PVC1701 shock closed higher, below test support around 5500, above test 5700 mark pressure, short-term is expected to maintain a range of strong volatility, it is recommended to rely on the five-day line short long, target 5700, stop loss 5490
.