The hottest weekly review of PVC international oil

[PVC weekly review] the international oil price soared. PVC was helpless.

I. this week's market (from October 22 to October 26)

this week, the PVC China Plastics warehouse receipt index showed a downward trend, rebounded slightly over the weekend stimulated by the surge in oil prices, closed at three yin and two Yang on the daily K-line chart, and the China Plastics warehouse receipt index closed at 1191.75 points, up 5.37 points over the weekend. PVC warehouse receipts continued to be dominated by shock consolidation this week

on Monday, the opening price of PVC warehouse orders rose slightly, the price rose briefly in the early stage, and then fell slowly in the middle and late stages. At the end of the day, it fell slightly, and the disk trading was cold; PVC warehouse receipts opened slightly by 5. 5% on Tuesday Our company is responsible for providing users with after-sales value-added services such as technology upgrading and transformation at preferential prices for life. The price rose rapidly in the early stage, and then maintained a narrow downward trend. The rise and fall of the late trading were intertwined, and the trading on the disk was general; On Wednesday, PVC opened high and went high. The front index rose sharply in a straight line, and the intraday index fell slightly. The trend of the middle index was relatively stable, fluctuated slightly, and extended horizontally to the end. The wait-and-see atmosphere on the disk was strong, and the transaction was not good; On Thursday, PVC warehouse receipts opened higher and went higher. After the narrow rise of the front index, the volatility fell back. The intraday price was strongly suppressed by the seller, and continued to fluctuate downward. The trend of the middle and rear market was gradual, and the end market closed slightly, and the trading on the market was OK. At the weekend, PVC opened higher and went higher. 1. Add clean 46 # anti-wear hydraulic oil into the oil tank at the filler to the liquid level as shown in Figure 2. The intraday index fluctuated and rose. The trend of the middle and rear indexes became stable, fluctuated widely, and fell slightly at the end of the day. There was a strong wait-and-see atmosphere on the disk

in terms of data, as of Friday's close, the PVC warehouse receipt index closed at 1191.75 points, up 6.37 points from last Friday's close. The settlement price of pv0711, the main warehouse receipt, fell by about 127 yuan/ton compared with the same period last week. The total turnover in a week was 2055 tons, the average daily turnover was 105 tons less than last week, and the order volume on Friday was 1360 tons, 66 tons less than last Friday

the specific data of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

average daily trading volume of PVC warehouse receipts (tons)

total order volume of PVC warehouse receipts (batches)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this Friday

last weekend

increase and decrease

pv0711

7171

7044

↓ 127

411

432

↓ 21

272

338

↓ 66

pv0712

7073

7073

0

pv0801

-

-

-

<2. Comprehensive analysis:

on the K-line chart of the index week, PVC warehouse receipts received a short positive line this week, and the 5-day moving average fell inertia. On the daily K-line chart, it closed out two Yang and three yin. The 5-day moving average slipped slightly, reversed and rose at the weekend, the opening of the brin line narrowed, the KDJ index fell and operated in the oversold area, and the green column of the KDJ index gradually narrowed and turned red

at the beginning of the week, as OPEC had raised that the announcement was the leading factor leading to the import ban, the international oil price fell. Affected by the overall decline of U.S. oil inventories on Wednesday, the international oil price rebounded strongly, and the oil price soared on Thursday. From this week to the weekend, WTI and Brent closed at $91.86 and $88.69/barrel, up $3.26 and $4.90/barrel respectively compared with the same period last week. In terms of spot goods, the PVC market is in a downturn, low-end prices are still emerging, and the overall shipment is still not very smooth. There are few sources of high models, slightly higher prices, less trading volume, and poor market demand

in general, PVC warehouse receipts continued to decline this week. Affected by the sharp rise in international oil prices over the weekend, they rebounded slightly, but the positive factors for the future market are less obvious. It is expected that the PVC warehouse receipts of China plastics may still be dominated by shock consolidation

(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