PVC backtest support shows that short-term bulls still have a slight advantage

News: vinyl chloride prices rose by $10/ton, CFR Far East closed at $700/ton, CFR Southeast Asia at $730/ton
.
Asian vinyl chloride monomer rose $10/mt this week, downstream PVC prices rose $20/mt, and the current Asian PVC-vinyl chloride spread increased by $10/mt to a five-month high of $180/ton
.
Relevant data show that Japan's vinyl chloride production fell 17.
71% to 188931 tons in May, while its export volume increased by 3.
11% to 76,853 tons
.

Spot market: the price of calcium carbide method 5 in Qilu Chemical City was raised by 40 yuan / ton, the quotation was 6740 yuan / ton (including tax self-pickup), the price of ethylene material Qilu was stable, the quotation of S700 was 6940 yuan / ton, and the quotation of S1000 was 6900 yuan / ton
.
The price of Beiyuan 8 type was increased by 50 yuan / ton, the quotation was 6740 yuan / ton, and the price of Tianye 8 type was increased by 30 yuan / ton, the quotation was 6990 yuan / ton

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 155854 lots -1042 lots, short positions are 151337 lots, -3194 lots, net long positions are 4517 lots, -2152 lots
.

Summary: The price recovery in the Asian market, the decline in social inventory, and the peak period of equipment maintenance have produced certain support
for PVC prices.
Technically, the PVC1909 contract is volatile higher, and the lower moving average still provides some support
for it.
MACD rises slightly, the red column elongates
.
However, the KDJ indicator shows signs of flattening at a high level, indicating that the short-term bulls still have a slight advantage
.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.