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PVC futures analysis: June 7 V2409 contract opening price: 6265, highest price: 6357, lowest price: 6257, position: 810992, settlement price: 6295, yesterday settlement: 6244, up: 51, daily trading volume: 1307836 lots, precipitated capital: 3.569 billion, capital outflow: 155 million.
List of comprehensive prices by region: yuan / ton
PVC spot market: & nbsp; mainstream transaction prices in China's PVC market rose slightly, but transactions in the spot market were still light. Compared with the valuation, North China rose 30-50 yuan / ton, East China 20 yuan / ton, South China 20-40 yuan / ton, Northeast China stable, Central China 20 yuan / ton, Southwest China stable. Upstream PVC production enterprises factory prices are mostly stable, individual enterprises tentatively slightly increase 20 yuan / ton, coinciding with Friday generation contract signing is not much, production enterprises actively ship delivery orders to digest inventory. The futures price rose slightly, and the spot market offer traders also increased slightly, but although there was a small upside, the spot price and one-mouth price coexisted, among which the basis offer 09 contract in East China-(280-350-380), South China 09 contract-(250-280), North 09 contract-(550-600-660), Southwest 09 contract-(400-450). Although prices rose slightly, but there was no significant improvement in the spot market, still maintaining rigid demand for replenishment.
Futures point of view: & nbsp;PVC2409 contract night trading price rose slightly, intraday to maintain a good rise, to recover some of yesterday's decline. But after hitting the peak in early trading, the downside began to weaken, and afternoon prices fluctuated in a narrow range. 2409 contracts range from 6257 to 6357 throughout the day, with a spread of 100,009 and a reduction of 37958 positions. So far, 810992 positions have been held, 2501 contracts closed at 6447, and positions are 126103.
PVC Future Forecast:
In terms of futures: After the volatility of nbsp;PVC2409 contract futures fell deeply yesterday, the operation of today's futures rose slightly, showing a positive pillar with a long shadow line. The technical level shows that the three-track opening of the Bollinger belt (13, 13, 2) opened, and the disk showed a significant trend of reducing positions and leaving the market, of which Duoping 26.1% vs. Kongping 25.7%. Both the long and short sides have left the market, and the daily-level MACD line and KD line continue to show a dead-fork trend, but the KD line white line shows signs of turning around. Judging from the current trend of futures price operation, the deep decline does not continue to decline, but the further rise of futures prices in the short term also needs obvious positive stimulation, so continue to observe the performance between the middle and lower tracks in the range of 6230-6450.
Spot aspect: & there is no obvious variable factor guidance in the nbsp;PVC supply and demand level, the calcium carbide cost port price is stable, the start-up load of PVC production enterprises is relatively high, and the downstream demand is weak in the face of high prices, which will lead to some replenishment behavior after the prices of the two markets go down. Therefore, the overall operation of PVC fundamentals is not good, part of the demand is expected to shrink when the summer comes, but the current supply and demand variables guide prices less. Commodity sentiment closed at midday, the main Chinese futures contracts rose more and fell less. Butadiene rubber rose more than 8%, rubber and rubber No. 20 (NR) rose more than 5%, Shanghai Bank and Container Europe rose more than 3%, Shanghai tin and palm oil rose more than 2%. Oil prices closed up 2% after the European Central Bank chose to cut interest rates, raising hopes that the Fed would follow suit. OPEC + ministers assured investors that the latest oil output agreement may change according to market conditions. Overall, the PVC spot market continues to adjust narrowly in the short term.
