A brief comment on the PVC market of China Plastic

On November 23, 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, and on the whole, it seemed to be slightly lower. The intraday price fluctuated and adjusted, and the end price was mixed. The atmosphere of disk trading was cold, the trading volume fell sharply compared with yesterday, and the order volume increased slightly

pv0612 opened higher by 46 yuan/ton today, and the intraday price fell significantly. At the end of the day, it closed down by 74 yuan/ton to close at 6580 yuan/ton, and the settlement price fell slightly by 14 yuan/ton compared with the previous trading day. The double volume fell slightly compared with yesterday. The strength of both parties is equal

pv0701 opened lower by 76 yuan/ton today, and the intraday price surged, recovering the decline. At the end of the day, it closed up by 32 yuan/ton to close at 6620 yuan/ton, and the settlement price fell by 31 yuan/ton compared with the previous trading day. The trading atmosphere turned cold, the trading volume decreased significantly, the order volume increased slightly, and the strength of the disk buyer was dominant

pv0703 opened 52 yuan/ton lower today, and the intraday price recovered. At the end of the day, it closed up 28 yuan/ton to close at 6600 yuan/ton, and the settlement price fell slightly by 12 yuan/ton compared with the previous trading day. The trading atmosphere was quiet, the trading volume decreased significantly, the order volume increased slightly, and the strength of the disk buyer was dominant

II. Comprehensive comments:

the international futures closed down moderately, with WTI and Brent closing at $59.24 and $59.49 per barrel. The thickness of the arbitration sample was 3mm, down $0.93 and $0.90 per barrel respectively. In terms of spot PVC, the ex factory price of domestic petrochemicals remained stable as a whole. The market performance of various regions is general, with little change. The quotations in some regions are slightly chaotic, and some are expected to remain depressed. The overall supply of goods in the market is acceptable, the surrounding upstream is mostly adjusted actively with the market, the downstream demand is weak, the terminal transaction is relatively flat, the mentality of all parties is general, and the wait-and-see atmosphere still exists. The PVC raw material market in Yuyao plastic city is stable, and traders are cautious. What are the precautions of the hydraulic material testing machine in the handling process?, Poor market transactions. On the whole, some traders are bearish on the future market, and the weakness of PVC is difficult to change

(personal view, for reference only; enter the market based on this, at your own risk) if necessary, the handle of the flat open aluminum alloy window should indicate the direction of the ear relative to the rolling direction qb/t 3886 ⑴ 999

information source: China plastics trading

note: this reprint is indicated with the source, and the reprint is for the purpose of transmitting more information, which does not mean agreeing with its view or confirming the authenticity of its content