PVC about low recovery Holdings continued to increase significantly

News: Qilu Chemical City PVC market stable operation, traders stable price shipments, market trading atmosphere is general, calcium carbide method mainstream price of about 7200-7210 yuan / ton (including tax self-pickup), ethylene Qilu source S1000/S700 mainstream price in 7500-7600 yuan / ton including tax self-pickup
.
The PVC market in Changzhou is weak and falling, the market price is more available, and the trading atmosphere is general
.
The mainstream of ordinary type 5 calcium carbide is 7200-7300 yuan / ton self-pickup
.
The price of PVC market in Guangzhou is stable, and the mainstream price of calcium carbide five-type material is 7280-7450 yuan / ton in cash withdrawal
.

Upstream price: naphtha CF Japan reported $635.
5 / ton, down 3.
75%; FOB Singapore was trading at $69.
27 a barrel, down 4.
3 percent
.
ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $945; CFR China was flat at $960
.
North China Denserge Law reported 7210 yuan / ton, unchanged; Ethylene law reported 7500 yuan / ton, flat; East China calcium carbide method reported 7250 yuan / ton, down 80 yuan, ethylene method 7600, flat; South China calcium carbide method 7300 yuan, flat, ethylene method 7650 yuan, flat
.

PVC1901 contracts rebounded, and positions continued to increase
significantly.
Fundamentally, social inventories have fallen, and spot prices have been firm to form a certain support
for futures prices.

Technically, MACD shows signs of flattening at a high level, and the KDJ indicator continues to diverge
from a high level.
Short-term need to guard against the emergence
of technical adjustments.
Operationally, it is recommended that investors wait and see for the time being or day trading
.