PVC: Futures meet each other on a narrow road and fight is obvious. Street battles are staged in the long and short directions, and spot prices continue to adjust in a narrow range

PVC futures analysis: April 23rd V2409 contract opening price: 5917, highest price: 5926, lowest price: 5879, position: 902645, settlement price: 5902, yesterday settlement: 5912, down: 10, daily trading volume: 797294 lots, precipitated capital: 3.719 billion, capital inflow: 264 million.

List of comprehensive prices by region: yuan / ton

PVC spot market:    China PVC market mainstream transaction price narrow finishing spell remains unchanged, market prices continue to adjust slightly. Compared with the valuation, it fell by 20 yuan / ton in North China, 30-40 yuan / ton in East China, 10-20 yuan / ton in South China, stable in Northeast China, 10-20 yuan / ton in Central China, and stable in Southwest China. The ex-factory prices of upstream PVC production enterprises continue to remain stable, and there is no obvious change in prices. With the weakening of the futures price, the price offer of the spot market traders changed little in the morning, but there was little support for the transaction, the price decreased slightly in the afternoon, and there was some room for profit-making. Spot market price and one-mouth price coexist, and the basis changes little, including 09 contracts in East China-(330), 09 contracts in South China-(280), 09 contracts in North China-(550-600), and 09 contracts in Southwest China-(400). Today, there are certain transactions in the spot market, but most of them are replenished by rigid demand, the downstream hanging orders are generally low, and the downstream purchasing enthusiasm is not high.

From the perspective of futures: & the night price of nbsp; PVC2409 contract opens in a narrow range, and the direction of price fluctuation is not clear. After the beginning of morning trading, the futures price showed an obvious weakening trend, and the afternoon price low adjusted slightly. 2409 contracts fluctuated in the range of 5879-5926 throughout the day, with a difference of 47. 09 contract reduction of 68093 positions, so far 902645 positions, 05 contracts closed at 5736, positions 181724 hands.

PVC Future Forecast:

Futures:    The operation of the PVC2409 contract futures price continues to show a trend of narrow arrangement, as we have been given in the previous forecast range, continue to test the range, the two cities continue to show a small adjustment, the current futures price is still mainly horizontal, but unlike yesterday's Yangzhu today's futures price fluctuation formed a solid strong negative column, and the disk greatly increased the position. In the fluctuation range of only 47 points, the position is increased by more than 68000 hands, and the competition for long and short positions is relatively obvious, of which 25.4% is higher than 26.6%. The technical level shows that the three-track opening of the Bollinger belt (13, 13, 2) is still downward, and the KD line and MACD line at the daily level continue to show a dead-fork trend. As a whole, the price trend in the short term continues to observe the performance in the range of 5850-5980.

Spot aspect:    The current performance of the two cities is lack of some new ideas. first of all, in the narrow fluctuation of the futures market today, there are a large number of positions entering the market, but when the fluctuation direction of the futures price is not clear, it proves that under the current point, there continues to be multiple and single support, but there is also upward pressure of short orders, and the two sides of long and short are evenly matched, and the same spot market is also faced with the embarrassment of rising and falling. Spot prices in recent years to narrow the trend of fluctuations, the current PVC fundamentals are still unable to appear directional factors to break the situation. International oil prices closed lower on the outside as traders focused on market fundamentals and Israel and Iran played down the risk of escalating hostility in the Middle East after a small Israeli attack on Iran. On the whole, it is difficult to break the curse of the PVC spot market in the short term, and spot prices may continue the trend of small consolidation.

PVC spread arbitrage analysis:

China PVC Index:     according to Tuduoduo data, the spot index of China calcium Carbide PVC was 5542.61, down 19.74, or 0.355%. The ethylene method PVC spot index was 5816.61, down 7.76, or 0.133%. The calcium carbide index fell, the ethylene index fell, and the ethylene-calcium carbide index spread was 274.

PVC warehouse receipt daily:

PVC long bears hold the list of bulls:

The information provided in this report is for reference only.