PVC oscillation went lower, and the strength of the air side increased

News: Longzhong Information reported on April 15: The total inventory of the PVC market in this cycle was 398,000 tons, a decrease of 2.
69% from last week and an increase of 26.
35% over last year; East China decreased by 3.
45% from last week and increased by 18.
64% year-on-year; South China decreased by 0.
84% month-on-month from last week and increased by 49.
37%
year-on-year.

Market: the domestic PVC market is running weakly, the market transaction situation is not good, the downstream is temporarily waiting and running, and the procurement enthusiasm is poor
.
Traders continue to stabilize shipments, and the price of calcium carbide type 5 in the East China market is around
6850-6950 yuan / ton.

Warehouse receipt inventory: Exchange warehouse receipts reported 0 lots, in the historical low area, stable
intraday.
Main positions: the top 20 long positions in the main contract are 145099 lots, -1660 lots, short positions are 155932 lots, -1540 lots, net long positions are -10833 lots, -120 lots
.

Fundamentally, the firm trend of crude oil has provided some support to prices, but the two barrels of oil inventories remain high, and the sluggish downstream demand for PVC has suppressed prices to a certain extent
.
Technically, PVC1909 has fallen back in shock, the trading volume has been greatly reduced, and the position has also decreased
slightly.
The technical indicator MACD is flat at the high, but the red bar is contracting, and the KDJ indicator is dead crossing at the high and there are signs of
downward.
It shows that the power of the air side has increased
.
Operationally, it is recommended that investors hold short orders cautiously and pay attention to the support of the 6755 line
.