PVC low volatility trading volume shrank sharply

News: The PVC market in Shanghai is stable, futures are running in shocks, market quotations remain stable, and real orders are mainly negotiated
.
The mainstream of calcium carbide method 5 type material is 6400-6520 yuan / ton self-pickup
.
The PVC market in Qilu Chemical City is sideways, traders' quotations are temporarily stable, and the market trading atmosphere is general
.
The mainstream price of calcium carbide type 5 is 6370-6420 yuan / ton (including tax self-pickup), the quotation of Guangzhou PVC market is reduced by 50 yuan / ton, and the mainstream price of calcium carbide type 5 material is 6420-6520 yuan / ton in exchange and self-pickup
.

Upstream price: naphtha CF Japan reported $586.
62/ton, -1.
26%; FOB Singapore is trading at $63.
29/b, -1.
17%.

ethylene CFR Northeast Asia 920 US dollars / ton, -0%; CFR Southeast Asia is trading at $835/mt, -0%.

Domestic calcium carbide prices retreated, with East China reporting 3390 yuan, -0%, and Northwest reporting 3175 yuan, -1.
55%.

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

Domestic: North China calcium carbide law reported 6370 yuan / ton, -0%; Ethylene law reported 6600 yuan / ton, -0%; East China calcium carbide method reported 6450 yuan / ton, -0%, ethylene method 6750 yuan, -0%; South China calcium carbide method 6450 yuan, -0.
77%, ethylene method 7220 yuan, +0%.

PVC1901 fluctuated at a low level, trading volume shrank sharply, and positions also decreased slightly, indicating that the short-term trend is still weak
.
Fundamentally, downstream demand is sluggish, and weak spot prices suppress
futures prices.

Technically, the MACD indicator and the KDJ indicator are passivated at a low level, indicating that there are signs of
overbearing.
Operationally, it is recommended that investors wait and see for the time being
.