Downstream demand gradually fell and the PVC market fluctuated and sorted

News: In November 2018, the import volume of pure polyvinyl chloride powder was 76,000 tons, an increase of 22.
58%
over the previous month.
The export volume was 32,000 tons, down 21.
5% year-on-year, because the domestic PVC market trend is better, and manufacturers are still mainly to meet domestic demand
.
Imports of vinyl chloride in November were 66,542.
66 tons, down 821.
74 tons, or 1.
22%.

Upstream price: naphtha CF Japan reported $434.
38/ton, -6.
96%; FOB Singapore is trading at $45.
86/b, -7.
41%.

ethylene CFR Northeast Asia 940 USD/ton, +0%; CFR Southeast Asia is trading at $830/mt, +0%.

Domestic calcium carbide prices are stable, East China reported 3200 yuan, -0%, Northwest reported 2925 yuan, -0%.

Spot market: CFR Southeast Asia at $880, +0%; CFR China is trading at $885, +0%.

Domestic: North China calcium carbide law reported 6530 yuan / ton, -0%; ethylene method reported 7020 yuan / ton, +0%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7070 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

Driven by the sharp rebound of crude oil last night, PVC1905 opened sharply higher, but then the shock fell back, and the trading volume and position volume were greatly reduced
.

Fundamentally, the gradual decline in PVC downstream demand has suppressed the price to a certain extent, but crude oil has rebounded sharply, spot prices have stopped falling and stabilized, and social inventories have continued to fall to form a certain support
for prices.

Technically, the median MACD is flat, while the KDJ indicator is hovering in the high area, indicating that the short-term trend is still repeated
.
Operationally, investors are advised to continue operating
in the 6380--6580 range.