PVC rally blocked Position volume slightly reduced

News: PVC market price in Qilu Chemical City slightly raised, calcium carbide price increased by 30 yuan / ton, market trading atmosphere is general, calcium carbide mainstream price of 6890-6900 yuan / ton (including tax self-pickup), ethylene Qilu source S1000/S700 mainstream price in 7150-7300 yuan / ton including tax self-pickup
.
The price of Guangzhou PVC market is stable, the mainstream price of calcium carbide five-type material is 7020-7100 yuan / ton in cash and self-pickup, and the ethylene thin material Dagu 1000/800 type is 7450 yuan / ton, real negotiation
.

Upstream price: naphtha CF Japan reported 672.
38 US dollars / ton, down 1.
01%; FOB Singapore was trading at $73.
2 a barrel, down 1.
17 percent
.
ethylene CFR Northeast Asia 1330 US dollars / ton, down 5 US dollars; CFR Southeast Asia was trading at $1225 a tonne, down $
5.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3290 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $950; CFR China was flat at $940
.
North China calcium carbide law reported 6890 yuan / ton, up 30 yuan; ethylene law reported 7150 yuan / ton, flat; East China calcium carbide method reported 6950 yuan / ton, flat, ethylene method 7300 yuan, flat; South China calcium carbide method 7050 yuan, flat, ethylene method 7500 yuan, flat
.

The PVC1901 contract rally was halted and open positions decreased
slightly.
Fundamentally, calcium carbide prices are firm and downstream demand is gradually picking up, which has formed some support
for futures prices.

Technically, the MACD oscillation retreated, but the green bar flattened, while the KDJ indicator showed a bottom divergence in the oversold area and the golden cross upward, and there may be a rebound
in the short term.
Operationally, stable investors can reduce their short orders at the dip and drop their pockets, and aggressive investors can set a stop loss and grab a rebound
when they hit the dip.