PVC low recovery The lower moving average still provides some support to it

In terms of news, the output of domestic PVC manufacturers in May 2019 was 1.
51084 million tons (excluding Formosa, Hunan, Guangdong, special and paste resin), and a total of 7.
90307 million tons from January to May, an increase of 1.
28%
over last year.
Production in May fell by 4.
87% from April, affected by a sharp increase in corporate maintenance in May; Compared with May last year, the output decreased by 2.
98%, and the amount of damage decreased significantly compared with last year due to the concentrated maintenance plan and the increase in the increase
.

In the spot market, the price of calcium carbide 5 type in Qilu Chemical City was raised by 10 yuan / ton, and the quotation was 6750 yuan / ton (including tax self-pickup), the price of ethylene Qilu was increased by 10-20 yuan / ton, the price of S700 was 6960 yuan / ton, and the quotation of S1000 was 6910 yuan / ton
.
The price of Beiyuan 8 type is stable, the quotation is 6740 yuan / ton, and the price of Tianye 8 type is stable, the quotation is 6990 yuan / ton
.

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 154960 lots -894 lots, short positions are 158565 lots, +7228 lots, and net long positions are -3605 lots, -8122 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 has rebounded from the low, and the lower moving average still provides some support
for it.
The MACD oscillation rises and the red column elongates
.
However, the KDJ indicator also edged higher, 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.