PVC breaks downward There is still a possibility of adjustment in the short term

In terms of news, as of March 14, the price of vinyl chloride in Asia fell by $10/ton from the previous week, CFR Far East closed at $730/ton, and CFR Southeast Asia at $750/ton
.
Vinyl chloride prices in Asia fell due to weaker PVC sentiments, with demand expected to decline in April from March, especially in India
.
South Korea's vinyl chloride exports fell 66.
7% to 2,255 tonnes in February, down 49.
9%
from a year earlier.

In the spot market, the PVC market in Qilu Chemical City is weak and falling, the market trading atmosphere is general, the quotation of traders is loose 10-30 yuan / ton, the mainstream price of calcium carbide type 5 is 6400-6410 yuan / ton, and the source price of ethylene Qilu is 6600-6750 yuan / ton
.
The PVC market in Changzhou is weak and sorted, the mainstream merchants offer smoothly, the mainstream of 5 types of material is 6300-6500 yuan / ton self-pickup, the mainstream of ethylene law East China market delivery price is 6700-7000 yuan / ton, real order negotiation
.

Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
during the day.
Main positions: The top 20 long positions in the main contract are 103446 -2029, the short positions are 102356, -6530, and the net long positions are 1090, +4501
.

Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
.
Technically, the PVC1905 oscillation is lower, and the moving average system shows pressure on the top and support
on the bottom.
The trading volume increased significantly, while the position volume decreased, and the main position showed that the main position of the bulls reduced their positions less than the main force of the bears, and the multi-party slightly advantaged
.
The technical indicator MACD oscillation retreated, the green bar became longer, and the KD indicator oscillated back, indicating that the strength of the bears increased
.
It is expected that there is still a possibility of adjustment in the short term, and operationally, it is recommended that investors set a take profit in their hands and hold them
cautiously.