PVC weak finishing The short-term trend is still weak

In terms of news, this week's PVC 55 sample enterprise equipment operating rate is about 79.
47, down 3.
18% from last week, in addition, this week the southern social inventory continued to decline, the southern social inventory continued to decline, Longzhong East China and South China sample inventory data in 250,000 tons, of which East China inventory is 180,000 tons, South China inventory is 70,000 tons
.

Upstream prices, naphtha CF Japan reported 690.
75 US dollars / ton, up 2.
14%; FOB Singapore was trading at $77 a barrel, up 1.
92%.

ethylene CFR Northeast Asia 1250 US dollars / ton, flat; CFR Southeast Asia was flat at $1185/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

In the market, CFR China was flat at $915, and CFR Southeast Asia was flat at $920; North China calcium carbide law reported 6800 yuan / ton, down 20 yuan; ethylene law reported 6950 yuan / ton, down 90 yuan; East China calcium carbide method reported 6850 yuan / ton, down 100 yuan, ethylene method 7050 yuan / ton, down 100 yuan; South China calcium carbide method 6900, down 80 yuan, ethylene method 7280 yuan, flat
.

During the day, the PVC1809 contract was weakly sorted out, and the intraday contraction and position reduction showed that the short-term trend was still weak
.
Fundamentally, the peak of device maintenance has formed a certain support for the futures price, but the short-term social inventory has risen, which has suppressed
the futures price.
Technical indicators have also diverged, MACD green column growth, indicating that there are still requirements for a fall, but KDJ has begun to enter the oversold area, it is expected that PVC will test the support of the 6650-6630 line in the later stage, and there is strong support
at this position.
Operationally, investors set short orders in their hands to take profit and hold
them cautiously.