A brief comment on the PVC market of China Plastic

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On January 4, China Plastics warehouse receipt PVC market brief comment

I. market brief:

affected by the sharp decline of futures oil, today's PVC warehouse receipt jumped short and opened low, the early intraday price rose slightly, then gradually stabilized, and the end of the day fell sharply. PVC warehouse receipt index fell 17.05 points to close at 1059.96. The daily K-line closed short and negative, and the entity jumped down. Intraday trading was active, trading volume was large, and the order volume fell significantly

pv0701 opened low in the middle today, and the intraday price rose slightly. It closed down 42 yuan/ton to close at 6550 yuan/ton in the late trading day, and the settlement price fell 44 yuan/ton compared with the previous trading day. The trading atmosphere was more active. The trading volume of spring testing machine/spring tension testing machine/spring pressure testing machine was obvious, most of the positions were closed, the order volume fell, and the strength of the buyer and the seller was equal

pv0703 opened sharply lower today, and the intraday price recovered slightly. In the late trading, it closed down 129 yuan/ton to close at 6400 yuan/ton. The settlement price fell 130 yuan/ton compared with the previous transaction geotechnical engineering survey specification GB 50021 ⑵ 001. The trading atmosphere was active, the trading volume increased significantly, and the order volume increased slightly

pv0704 opened sharply lower today, and the intraday price was stable and slightly downward. At the end of the day, it closed down 144 yuan/ton to close at 6355 yuan/ton, and the settlement price fell 138 yuan/ton compared with the previous trading day. The trading atmosphere was active, the transaction volume was large, the order volume was slightly lower, and the strength of both parties on the market was equal

II. Comprehensive comments:

at the close of Wednesday, due to the continued mild weather conditions in the northeast of the United States, the international oil futures fell sharply. WTI and Brent closed at $58.32 and $57.96/barrel, down $2.73 and $2.48/barrel respectively. In terms of PVC spot, the ex factory price of domestic petrochemicals has generally stabilized with little change. After the new year's Day holiday, the yield strength, tensile (compression, bending) strength, elongation, constant tensile strength, non proportional strength, elastic modulus and other parameters of the sample can be detected; The mechanical properties of various metals, non-metals and composite materials were tested, and the market of the second impact test and analysis and research basically maintained the pre holiday level. The price was temporarily stable, and some people temporarily maintained a wait-and-see situation. Transactions were light during the holiday, and there was still no improvement in terminal transactions after the holiday. The market price of PVC raw materials in Yuyao plastic city stabilized. On the whole, the fundamental support is insufficient, and the weakness of PVC is difficult to change

(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

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