PVC: Futures highs continue to make small breakthroughs, but the overall fluctuation range narrows, and spot prices are flexibly adjusted

PVC futures analysis: may 14 V2409 contract opening price: 6049, highest price: 6066, lowest price: 6016, position: 888846, settlement price: 6038, yesterday settlement: 6019, up: 19, daily trading volume: 709961 lots, precipitated capital: 3.752 billion, capital outflow: 115 million.

PVC spot market: & nbsp;  Chinese PVC market mainstream transaction prices are mainly arranged in a narrow range, and each region adjusts flexibly according to its own. Compared with the valuation, the low end of North China rose 30 yuan / ton, East China flexibly adjusted 10-20 yuan / ton, South China was stable, Northeast China was stable, Central China low-end rose 10 yuan / ton, and Southwest China was stable. Upstream PVC production enterprises factory prices mostly remain stable, individual ethylene process enterprises did not increase the previous increase of 100 yuan / ton today, coinciding with the contract signing date on Tuesday, but basically based on the basic quantity. The operation of futures is too strong, the price of each region and offer is slightly adjusted, and the price offer of traders in some areas is higher than that of yesterday, but it is difficult to close a deal with high-priced goods in the spot market, some of which have room for negotiation, and the basis offer has no price advantage. , including 09 contracts for East China basis offers-(350-380), South China 09 contracts-(250-280), North 09 contracts-(570-620), Southwest 09 contracts-(400). On the whole, the downstream purchasing enthusiasm is low, the wait-and-see intention is obvious, and the overall trading atmosphere is light.

Futures point of view: & nbsp; PVC2409 contract night trading price rose slightly to a peak of 6066 after weakening, but the overall decline is not large. After the beginning of morning trading, the small V-shaped trend first fell slightly and then rose slightly, and the afternoon price was mainly arranged in a narrow range. 2409 contracts range from 6016 to 6066 throughout the day, with a difference of 25311 positions in 5009contracts, with 888846 positions up to now, 2501 contracts closing at 6190 and 86855 positions.

PVC Future Forecast:

Futures: & the highs of nbsp; PVC2409 contract futures showed a slight upward trend yesterday, and the overall volatility range was at high levels. The high point is still close to the upper orbit pressure position, and the candle chart shows a negative column cross star. The technical level shows that the three-track openings of the Bollinger belt (13, 13, 2) are still all upward, and the daily KD line and MACD line show a golden fork trend. at present, the overall operation of the price is still strong, but the continuous rise of high positions requires continuous dynamic stimulation, and there is a small trend of reducing positions in the disk, and there is little difference between short and multi-level. Among them, Duoping 24.3% vs. Kongping 24.7%, we still maintain the previous point of view, and observe the persistence of the high range of 5980-6080 in the short term.

Spot aspect: & nbsp;  period the performance of the two cities is relatively high sideways, and there is assistance at the technical level. Today, there is a certain support from the fundamental level of PVC, in which the downstream enterprises of calcium carbide receiving price follow up by 25-50 yuan / ton. In addition, Taiwan Formosa Plastics PVC6 shipments rose in monthly prices, Chinese mainland rose 20 U.S. dollars, India rose 30 U.S. dollars. CFR China's main port rose $20 to $795 / ton, India's CIF rose $30 to $830 / ton, and Southeast Asia's CIF rose $10 to $750 / tonne. The rise in the price of Formosa Plastics has also led to a slight increase in the price of China's outer disk exports. However, at present, both domestic trade enquiries and external enquiries are relatively light, downstream in the face of the strong operation of the price feedback is mediocre. In the outer disk, international oil prices closed higher on signs that oil demand in the United States and China was improving, helping oil prices rebound from the previous session's decline. On the whole, in the short term, the PVC spot market is still high and narrow.