PVC shock retreated, and the amount of positions increased significantly

News: Last week (September 7) Asian vinyl chloride prices fell, CFR Far East fell $10/ton at $720/ton, CFR Southeast Asia held down $10/ton at $720/ton
.
Vinyl chloride monomer in Asia continued to weaken this week due to lower PVC prices, and it is reported that due to increased supply from Japan, demand is weak, and the market buying sentiment is subdued
.

Upstream price: naphtha CF Japan reported $679.
75 / ton, up 1.
93%; FOB Singapore was trading at $73.
96 a barrel, up 1.
89%.

ethylene CFR Northeast Asia 1320 US dollars / ton, flat; CFR Southeast Asia was flat at $1215/mt
.
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, flat; 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 fell back in volatility, and the position increased significantly, indicating that there were short funds entering the market
.
Fundamentally, the strong price of calcium carbide has formed a certain support for the futures price, but the spot price is not strong, and the willingness of downstream demanders to take goods is not strong, which suppresses
the futures price.

Technically, the MACD shock has fallen, the KDJ indicator has turned at a low level, and the short-term trend will still be repeated
.
Operationally, stable investors can take profits on short orders in their hands, and it is appropriate
for short positions to wait and see for the time being.