PVC is higher and there are short-term rebound requirements

News: According to the analysis of the transaction index tracked by Longzhong, the market trading atmosphere is better, but the social inventory affected by the holiday increased slightly, as of this week's statistical window, PVC social inventory sample data increased by 1.
91% compared with last week, down 9.
6% year-on-year; Among them, the inventory in East China increased by 1.
72% from last week, and decreased by 8.
53% year-on-year; Inventories in South China rose 2.
44% month-on-month and fell 12.
5%
year-on-year.

Upstream price: naphtha CF Japan reported 715.
12 US dollars / ton, down 1.
85%; FOB Singapore was trading at $77.
93 a barrel, down 1.
88 percent
.
ethylene CFR Northeast Asia 1180 US dollars / ton, flat; CFR Southeast Asia was flat at $1,080/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3700 yuan, flat, and Northwest reported 3405 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $880; CFR China was flat at $870
.
North China calcium carbide law reported 6770 yuan / ton, flat; Ethylene law reported 6900 yuan / ton, flat; East China calcium carbide method reported 6800 yuan / ton, up 50 yuan, ethylene method 7050 yuan, flat; South China calcium carbide method 6900 yuan, flat, ethylene method 7290 yuan, flat
.

PVC1901 rose higher, barely standing on the 20-day line at the end, trading volume and position volume also recovered, and the bearish pattern changed slightly
.

Fundamentally, the strong price of calcium carbide has formed some support for the futures price, and the strong trend of the chemical sector is also expected to support
it.
Technically, MACD has a low flattening, the green bar is shortened, and the KDJ indicator diverges from the low level, indicating that there is a short-term rebound requirement
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.