PVC oscillations to the upside show that short-term bulls have the advantage

News: Zhongen Pipe Industry has completed and put into operation the first phase of 60,000 tons / year PVC-UH production line, the raw material is polyvinyl chloride produced by Zhongtai Group, the second phase of 300,000 tons / year production line is also being planned, after completion, it will produce water supply, drainage pipes, pipe fittings and related supporting products, when Zhongen Pipe Industry will also become the largest plastic pipe manufacturer in Xinjiang
.

Spot market: the price of calcium carbide type 5 in Qilu Chemical City was lowered by 30 yuan / ton, the quotation was 6660 yuan / ton (including tax self-pickup), the price of ethylene material Qilu was stable, the quotation of S700 was 6840 yuan / ton, and the quotation of S1000 was 6810 yuan / ton
.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 161568 lots -1734 lots, short positions are 149409 lots, +7420 lots, and net long positions are 12159 lots, -9154 lots
.

Summary: Downstream demand generally produces a certain suppression on the price of PVC, but the price of the Asian market has rebounded, and the peak period of equipment maintenance has produced certain support
for the price of PVC.
Technically, PVC1909 is currently in the bottom-building market after a continuous decline, with pressure on the top and support below, MACD with signs of a low golden cross, green columns disappearing, and red columns appearing
.
The KDJ indicator also fluctuated higher, indicating a short-term bullish advantage
.
In terms of operation, it is recommended that investors hold long orders with caution
.