PVC weak shock Pay attention to whether the rebound breaks through the upper pressure

News: Industry insiders said: the market gap of new coal chemical products is huge
.
It is estimated that by 2020, China's coal chemical investment is expected to exceed 500 billion yuan
.
Equipment accounts for about half of the coal chemical investment, and the future equipment investment is nearly 300 billion yuan
.

Upstream prices: Naphtha CF Japan reported $564 / ton, up 1.
17%; FOB Singapore was trading at $61.
38 a barrel, up 1.
2 percent
.
ethylene CFR Northeast Asia 1335, flat; CFR Southeast Asia was flat at $1250/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: CFR China was trading at $970, down $10, CFR Southeast Asia was trading at $970, down $10; North China calcium carbide law reported 6320 yuan / ton, down 100 yuan; ethylene law reported 6520 yuan / ton, down 80 yuan; East China calcium carbide method reported 6250 yuan / ton, down 50 nothing, ethylene method 6700 yuan / ton, flat; South China calcium carbide method 6400, flat, ethylene method 7050 yuan, flat
.

The PVC1805 contract is weak and volatile, and the short-term moving average still puts some pressure
on it.
Fundamentally, spot prices have retraced, and during the two sessions, environmental protection efforts have increased, and the sluggish downstream demand has formed a certain suppression
of futures prices.
Technically, MACD and KDJ indicators are both located in weak areas, and it is expected that the weak finishing pattern
will continue.
The future market focuses on whether the rebound breaks through the upper pressure
.
Operationally, it is advisable
for investors to wait and see for the time being.