PVC low detection and recovery The pattern of multiple orders has not changed

In terms of news, in June 2019, the output of domestic PVC manufacturers was 1,546,880 tons (excluding Formosa Plastics, Hunan, Guangdong, special and paste resin), an increase of 2.
39% from the previous month and 1.
84% over the same period last year; The amount of corporate loss reduction increased year-on-year, but due to the release of new production capacity such as Beiyuan, Xinfa, Jinyuyuan, Lutai, etc.
, the output still increased
slightly compared with last year.
The total output from January to June 2019 was 9,449,950 tons, an increase of 1.
37%
over last year.

Spot market, Shanghai PVC market slightly adjusted, ethylene material real price can be negotiated, calcium carbide five-type material mainstream quotation 6850-6950 yuan / ton, Tianye 5 type 6950 yuan / ton, point price +40, Zhongtai 6900 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7050-7150 yuan / ton for negotiation, East China ethylene method enterprise price in 7150-7200 yuan / ton delivery
.

Warehouse receipt inventory, exchange warehouse receipt reported 2000 lots, in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 156881 lots +3891 lots, short positions are 168153 lots, +2257 lots, and net long positions are -11272 lots, +1634 lots
.

Summary: The easing of Sino-US relations, the recovery of prices in the Asian market, and the peak period of equipment maintenance have produced certain support
for PVC prices.
However, the weak trend of crude oil has put some pressure
on prices.
Technically, the PVC1909 contract rebounded low, the lower moving average temporarily produced some support for it, MACD rose slightly, and the red column elongated
.
The KDJ indicator oscillates at a high level with signs of
divergence.
In terms of operation, investors are advised to hold
long positions with caution.