Affected by the pullback of the petrochemical plate, PVC opened high and went low

News: Japan's PVC production in January increased by 3.
8% to 157233 tons, its exports fell 3.
8% year-on-year to 49,520 tons, and PVC stocks at the end of January increased by 15.
8% from the previous month to 163273 tons
.
South Korea's PVC exports rose 10.
3 percent in January from the previous month to 46,640 tonnes, up 5.
6 percent
from a year ago.

Price: Naphtha CF Japan reported 573.
25 tons, up 1.
69%; FOB Singapore was trading at $62.
28 a barrel, up 1.
76%.

ethylene CFR Northeast Asia 1230, flat; CFR Southeast Asia was flat at $1180/mt
.
Calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
.

Spot market: North China calcium carbide law reported 6540 yuan / ton, flat; Ethylene law reported 6720 yuan / ton, unchanged; East China calcium carbide method reported 6600 yuan / ton, down 50 yuan, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
.

Today, PVC1805 was affected by the pullback of the petrochemical sector, opened high and went low, and barely closed at the 5-day line at the end, but the pattern weakened
.

Fundamentally, upstream raw materials and spot prices have remained stable, forming a certain support for futures prices, but downstream enterprises have not resumed work much, and there is no support on the demand side
.

Technically, the KDJ and MACD indicators show signs of stopping the decline, but the upper moving average is also more obvious in suppressing the futures price, and it is expected that the possibility of the market continuing to be range-bound is high
.
In terms of operation, the investment can be sold high and low in the range of 6500-6750, and the rolling operation can be carried
out.