PVC rushed back down The short-term trend is still repeated

In terms of news, according to Longzhong statistics, the output of domestic PVC manufacturers was 1.
5137 million tons in February 2019, down 9.
49% from January; From January to February, the cumulative output was 3.
1861 million tons, an increase of 3.
18%
over last year.
In January, the pre-sales of PVC production enterprises increased sharply compared with 2018, and the production initiative of enterprises was high, but affected by the Shenghua incident, the operating rate of some equipment did not reach full load, so the year-on-year growth rate increased, but did not reach a high level
.

In the spot market, the PVC market price of Qilu Chemical City rose, the quotation of traders increased by 20-30 yuan / ton, the mainstream price of calcium carbide type 5 was 6390-6400 yuan / ton (including tax self-pickup), and the source price of ethylene Qilu was 6600-6750 yuan / ton
.
The market price of PVC calcium carbide five-type material in Guangzhou is stable, the mainstream price of calcium carbide five-type material is 6430-6520 yuan / ton, and the ethylene material Dagu 1000 type is 7000 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 3 lots, -0; in the historical low area, stable
during the day.
Main positions: The top 20 long positions in the main contract are 111598 +4228, the short positions are 111761, +4808, and the net long positions are 417, -2939
.

Fundamentally, the strong trend of crude oil has produced some support for prices, but the inventory of production enterprises remains high, and the sluggish demand for PVC downstream has suppressed prices to a certain extent
.
Technically, PVC1905 rushed back down, intraday positions increased significantly, and the main force of bears increased slightly more than the main force of bulls, indicating that the bears were slightly superior
.
It's just that the technical indicators MACD and KD indicators are slightly higher, indicating a slight advantage for bulls in the short term
.
The fundamentals and the technical are divergent, and the short-term trend is expected to continue repeatedly
.