PVC probes lower and goes higher The trend line below provides support

News: The PVC market in Qilu Chemical City is running weakly, and the price of some sources in the market has been reduced by 30 yuan / ton, and the trading atmosphere is general
.
At present, the mainstream price of calcium carbide method is about 6830-6880 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 PVC market in Guangzhou 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 627.
88 US dollars / ton, down 3.
61%; FOB Singapore was trading at $69.
11 a barrel, down 3.
81%.

ethylene CFR Northeast Asia 1410 US dollars / ton, flat; CFR Southeast Asia was flat at $1280/mt
.
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 $935; CFR China was flat at $940; North China calcium carbide law reported 6850 yuan / ton, down 30 yuan; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6870 yuan / ton, flat, ethylene method 7100, flat; South China calcium carbide method 6920 yuan, flat, ethylene method 7150 yuan, flat
.

The PVC1809 contract tested lower and higher, and the lower trend line temporarily provided support
.
Fundamentally, the peak period of the device maintenance period has formed a certain support for the futures price, but the escalation of the Sino-US trade war has suppressed it to a certain extent
.

Technical indicators, MACD has signs of dead cross, KDJ indicators also have signs of turning downward, indicating a rebound or dying
.
There is pressure on futures prices and support below, and investors can trade
in the range between 6750 and 6950.