A brief comment on the PVC market of China Plastic

On November 13, a brief comment on the PVC market of China Plastics warehouse receipts

I. brief description of the market:

today, the opening price of PVC warehouse receipts was mixed, the intraday price was stable, and the index closed up slightly. 11: At the close of 00, the warehouse receipt index closed at 1097.69 points, up 3.17 points from yesterday. The trading atmosphere was colder, and the trading volume was significantly lower than that of the previous trading day Due to the difference between impact testing machine and universal machine, the order is also significantly reduced

pv0611 228 ⑵ 010 metal material tensile test day opened sharply lower, the intraday price remained at the close, and closed at 7000 yuan/ton at the end of the day, with the settlement price down 100 yuan/ton from yesterday. From the perspective of disk, I also took a technical position in Klaus mafi company. The trading atmosphere was cold, the trading volume was flat with that of the previous trading day, the order volume decreased slightly, and the strength of both parties on the disk was equal

pv0612 opened slightly lower today, and the intraday price remained at the end of the day, closing at 6720 yuan/ton, with the settlement price down 50 yuan/ton from the previous trading day. The trading atmosphere improved slightly, the trading volume increased slightly, and the order volume decreased slightly. The strength of both parties is equal

pv0701 opened higher in the middle today, and the intraday price remained at the end of the day, closing at 6750 yuan/ton. The settlement price increased by 73 yuan/ton compared with the previous trading day. The trading atmosphere was cold, the trading volume was significantly reduced, and the order volume was slightly lower. The strength of both parties is equal

II. Comprehensive comments:

international crude oil fell sharply last weekend, with WTI and Brent closing at $59.59 and $59.71/barrel, down $1.57 and $1.61/barrel respectively. In terms of PVC spot, the ex factory price of domestic petrochemicals remained stable. The local markets are in a low and slightly declining trend, the downstream demand is not obvious, the midstream is mostly in and out, the wait-and-see atmosphere is strong, the market mentality is poor, and the terminal transaction is general. The market quotation of PVC raw materials in Yuyao plastic city remained stable. Deng Yali, President of China Rubber Industry Association in the latest City, said that the mainstream price of the market was yuan/ton. Traders operated cautiously and the transaction was weak. Overall, PVC is still in a weak finishing state, and the short-term rebound is weak

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content