PVC volatility lower, position slightly reduced

Upstream price: naphtha CF Japan reported 655.
62 US dollars / ton, up 1.
96%; FOB Singapore was trading at $71.
47 a barrel, up 1.
84%.

ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was trading at $1270 / ton, up $
10.
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 $960
.
North China calcium carbide law reported 7120 yuan / ton, down 90 yuan; Ethylene law reported 7350 yuan / ton, flat; East China calcium carbide method reported 7050 yuan / ton, down 210 yuan, ethylene method 7550, down 50 yuan; South China calcium carbide method 7330 yuan, flat, ethylene method 7680 yuan, flat
.

News: On August 22, the Asian market price was temporarily stable, because there was no new price quoted during the Singapore Haji Festival holiday, CFR China price continued to maintain 960 US dollars / ton, CFR Southeast Asia held steady at 950 US dollars / ton, CFR India at 985 US dollars / ton
.
The market expected the price of PVC to rise in September, but the rapid depreciation of the Chinese yuan against the US dollar put pressure on market prices, and the depreciation of the Indian rupee against the US dollar also hindered the demand
for imports.

The PVC1901 contract fluctuated lower, the position volume decreased slightly, and the trend of the period was still weak
.
Fundamentally, the loosening of spot prices and the decline of spot prices in many overseas places have put pressure on
futures prices.
Technically, MACD has a high dead cross and diverges downward, the KDJ indicator continues to move lower, and the short-term trend remains weak
.
Operationally, investors set short orders in their hands to take profit and hold
them cautiously.