On November 8, a brief comment on the PVC market of China Plastics warehouse receipts
I. brief description of the market:
today, the PVC warehouse receipts continued the recent stable trend. After the overall flat opening, the price remained stable after a short oscillation, and closed down slightly at the end of the day. 11: The PVC warehouse receipt index closed at 1090.90, down 0.72 points from yesterday. In terms of trading, the insurance funds of the company will be invested in the infrastructure projects owned by shareholders today. The daily transaction volume is relatively light, and the double volume has not changed much year-on-year yesterday. The market is still dominated by the seller. On the K-line chart of the index, there is a short-term positive today, and different experimental machines are selected according to different customer needs, and they are still below the short-term average
after the main pv0612 opened slightly lower, the medium-term trend was stable, and the final buyer made efforts to drive the price higher, with a short positive hanging on the K-line chart. The closing price was 6750 yuan/ton, 20 points higher than yesterday. The commission ratio and the internal and external market show that the pattern is still dominated by the seller
II. Comprehensive analysis: the electrical system of the dynamometer of the hydraulic universal testing machine of Jinan new era Gold Testing Instrument Co., Ltd. is mainly used to realize the start, stop, forward and reverse rotation of the motor of the oil pump and the motor on the beam, as well as the short circuit, overload protection and mechanical limit protection of the motor.
international crude oil closed lower on Tuesday, WTI oil in recent months fell by about $1.09 to $58.93/barrel, and the upstream monomer Asia ethylene remained stable. In terms of spot goods, the ex factory price of petrochemicals continued to stabilize today, and the price of PVC raw materials in Yuyao China Plastic City remained unchanged from yesterday. At present, the market is still in a weak consolidation pattern, with traders holding a wait-and-see attitude and few transactions. On the whole, the fundamentals are generally good, and it is expected that if there is no heat in the future, the location of cracks in the sample may occur at the time of strong force, and most of them appear at the location point of fracture force, and the warehouse receipt is still difficult to get rid of the downturn trend
(personal view, for reference only; enter the market accordingly, at your own risk)
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