A brief comment on the PVC market of China Plastic

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On March 4, China Plastics warehouse receipts PVC Jinan experimental machine rebate market brief comment

I. Market Overview:

today, PVC warehouse receipts opened high and went low, the intraday index was relatively stable in the early stage, began to fluctuate and decline in the middle and late session, and there were signs of stability in the late session. Finally, the PVC index closed at 1282.56 points, which we have been involved in various innovative projects for a long time, rose slightly by 1.06 points compared with the previous trading day, and closed at the small negative line. The opening of the brin line gradually widened, and KDJ index rose, The MACD index has a small red column. The trading volume of the market is stable, the trading volume is relatively balanced, and the majority of operations change hands. The order volume is basically the same as yesterday, or the trading volume is lower than yesterday due to insufficient oil in the tank

II. Analysis of main varieties:

pv0804 went flat at the price of 7500 yuan/ton. The intraday price changed little. The settlement price closed at 7500 yuan/ton, down 5 yuan/ton from the previous trading day, and closed at the straight line. The opening of the 5-day average and the 10-day average slowly expanded, and the opening of the brin line significantly enlarged. KDJ index rose, and the trading volume and order volume were basically the same as the previous trading day

pv0805 opened high and went low at 7520 yuan/ton. The intraday price rose steadily in the early stage, fluctuated downward in the middle and late surgical accessories, and showed signs of stability in the late stage. The closing price was 7515 yuan/ton, and the settlement price closed at 7518 yuan/ton, closing at the negative line. The 5-day average and the 10-day average are arranged as a whole. The KDJ index is down, and the trading volume and order volume are basically the same as that of the previous trading day

III. comprehensive analysis:

as the US dollar fell to a record low against the euro, which increased the attractiveness of oil as an investment, affected by this, crude oil futures in Europe and the United States hit a new high on Monday. At the close of Monday, April light crude oil futures on the New York Mercantile Exchange were $102.45 a barrel, up $0.61 from the previous trading day; April Brent crude oil futures on the London Intercontinental Exchange were $100.48, up $0.38. Today, the performance of the domestic PVC market is relatively general, and the overall trend has not changed much, mainly due to the continuous light demand and the heavy resistance of the downstream to high prices. The price has been slightly lower than yesterday. North China: ordinary calcium carbide is concentrated in yuan/ton; East China: the mainstream quotation of ordinary electric stone is 7700 yuan/ton; South China: the mainstream price of ordinary calcium carbide in the early stage of yuan/ton is maintained as a whole. It is expected that the future short-term market will still be in the consolidation stage

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