PVC opened slightly higher and the rebound is expected to continue

News: The PVC market in Qilu Chemical City is narrowly sorted, the market quotation is slightly increased, and the trading atmosphere is general
.
At present, the mainstream price of calcium carbide method is about 6880-6900 yuan / ton (including tax self-pickup), and the mainstream price of ethylene Qilu source S1000/S700 is 7000-7100 yuan / ton including tax self-pickup
.
The price of Guangzhou PVC market is stable, and the mainstream price of calcium carbide five-type material is 6880-6960 yuan / ton for cash withdrawal.

Upstream price: naphtha CF Japan reported $650.
75 / ton, down 2.
42%; FOB Singapore was trading at $71.
41 a barrel, down 2.
25 percent
.
ethylene CFR Northeast Asia $1400/ton, up $10; CFR Southeast Asia was trading at $1280 a tonne, up $
10.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $935; North China calcium carbide law reported 6900 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6920 yuan / ton, flat, ethylene method 7100, flat; South China calcium carbide method 6920 yuan, flat, ethylene method 7150 yuan, flat
.

The PVC1809 contract opened slightly higher and traded sideways around the intraday moving average throughout the day, with holdings continuing to increase, but volume shrank
sharply.
Fundamentally, the peak of equipment maintenance, social inventories continued to fall, and the stationing of environmental protection teams to inspect formed a certain support for futures prices, but the escalation of the Sino-US trade war formed a certain suppression
of it.

Technical indicators, MACD red bar lengthened, KDJ indicator oscillated higher, indicating that the rally is expected to continue
.
In terms of operation, investors set a take profit in their hands and hold
it cautiously.