PVC edged higher and closed at the end of the small white candle

News: As of January 16, the quotations of major PVC producers in Asia in February increased by 5-25 US dollars / ton compared with January, Taiwan's Formosa Plastics quotation in February was 900 US dollars / ton CFR China, 960 US dollars / ton CFR India, FOB Taiwan was 870 US dollars / ton, up 20 US dollars / ton
from January.
In line with the market's expectation
of a rise of $10-30/mt.
Indian end customers accepted the new offer in February, but Chinese buyers were reluctant to accept the price
of $20/mt due to the impact of the New Year.
Chinese traders said that spot demand slowed due to the holiday affecting China's downstream factory shutdowns, and PVC producers Chinese mainland also reducing inventories to increase market sales, putting pressure
on the market.

Spot market: the PVC market in Qilu Chemical City is weak and downward, the market trading atmosphere is general, and the quotation of traders is loose 30-50 yuan / ton
.
The mainstream price of calcium carbide type 5 is 6370-6470 yuan / ton (including tax self-pickup), and the price of ethylene Qilu is 6800-6900 yuan / ton
.
The rest of the region was relatively stable
.

Warehouse receipt inventory: exchange warehouse receipts reported 161 lots, +0; in the historical low area, currently stable
.

Main positions: The top 20 long positions in the main contract are 96101, +5214, short positions are 88852, +6063, and net long positions are 7249, -849
.
The strength of the main position increase of the bulls is slightly less than that of the main force of the bears
.

Summary: The PVC1905 contract moved slightly higher, the futures price returned to above the short-term moving average system, the trading volume decreased, but the position increased
significantly.
Fundamentally, the gradual decline in PVC downstream demand has caused a certain suppression of prices, but crude oil and spot prices have stopped falling and stabilized, and the market supply pressure is not large, which has formed a certain support
for prices.

Technically, the MACD axis is sideways, the green column turns red, showing the long-short force or will be converted, the KD indicator is low golden cross, and there are certain upward requirements
in the short term.
In terms of operation, it is recommended that investors set a single take profit in the early stage, hold it cautiously, target 6500 yuan, and stop loss 6380 yuan
.