Bears took profits and PVC futures reduced their positions to the upside

News: 1.
Suzhou Huasu 130,000 tons/year PVC plant was stopped for maintenance on November 13, and the maintenance was about
20-30 days.
The manufacturer is closed this week and does not quote
for the time being.

Raw material prices: 1, Japan naphtha CF Japan reported 582.
88 US dollars / ton, down 0.
74; naphtha FOB Singapore reported 63.
61 US dollars / barrel, down 0.
28
.
ethylene CFR Northeast Asia 1295, flat; CFR Southeast Asia was flat at $1255/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6160 yuan / ton, flat; Ethylene law reported 6450 yuan / ton, unchanged; East China calcium carbide method reported 6070 yuan / ton, flat, ethylene method 6700 yuan / ton, flat; South China calcium carbide method 6120, up 50, ethylene method 6720, flat
.
The price of raw materials was flat, East China reported 3300 yuan, flat, and Northwest reported 3470 yuan, flat
.

The impact of the north entering the winter, the overall demand is less than expected, coupled with the recovery of the market operating rate, the market supply has increased slightly, the upstream calcium carbide device inspection and repair work, the short-term calcium carbide price is loose, the cost support is weakened, but the cost is near the profit and loss line and the black short-term rebound and other factors, limiting its decline range
.

Technically, PVC1801 contract intraday short profit settlement price to reduce positions upward, KDJ indicator is oversold, short-term lower test of support around 6000 above focus on pressure around 6300, short-term can try to bargain long
.