PVC low volatility It is recommended that investors wait and see for the time being

News: According to the analysis of the transaction index tracked by Longzhong, the market improved slightly last week, the market trading situation was better, and the data of sample warehouses in East China and South China decreased
compared with last week.
As of October 29, PVC social inventory sample data decreased by 6.
79% from last week and 16.
57% from the same period last year; Among them, the inventory in East China fell by 5.
26% month-on-month and 16.
29% year-on-year; Inventories in South China fell 10.
42% month-on-month and 17.
31%
year-on-year.

Upstream price: naphtha CF Japan reported 637.
12 US dollars / ton, -0%; FOB Singapore is trading at $69.
08/b, -0%.

ethylene CFR Northeast Asia 990 USD/tonne, -0%; CFR Southeast Asia is trading at $910/mt, -0%.

Domestic calcium carbide prices fell, East China reported 3440 yuan, -1.
73%, Northwest reported 3225 yuan, -1.
83%.

Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +0%.

Domestic: North China calcium carbide law reported 6610 yuan / ton, -0%; Ethylene law reported 6780 yuan / ton, -0.
29%; East China calcium carbide method reported 6630 yuan / ton, -0%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6600 yuan, -0%, ethylene method 7220 yuan, +0%.

PVC1901 fluctuated at a low level, and both trading volume and position volume shrank
.
Fundamentally, raw material prices have fallen, and weak spot prices have suppressed futures prices, but after nine consecutive weeks of decline, there are obvious signs
of over-fall in the short term.

Technically, the MACD indicator is flat at a low level, and the KDJ indicator is low and the golden cross is up, indicating that there may be a rebound requirement
in the short term.
In terms of operation, it is recommended that investors wait and see for the time being
.