PVC fell slightly and closed below the 10-day line

News: On May 10, the price of CFR Far East Vinyl chloride fell to steady at $740/ton, and CFR Southeast Asia held steady at $780/ton
.
In May, downstream PVC prices were lowered, and market demand decreased
.
However, due to the limited supply of vinyl chloride plant maintenance, sellers are reluctant to lower their quotations
.
Taiwan's Formosa Plastics plans to overhaul its 340,000-tonne-per-year vinyl chloride plant for one month
in June and July.

Upstream price: naphtha CF Japan reported 677.
88 US dollars / ton, up 0.
82%; FOB Singapore was trading at $74.
88 a barrel, up 0.
83%.

ethylene CFR Northeast Asia 1260 US dollars / ton, flat; CFR Southeast Asia was flat at $1195/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR China was flat at $940, CFR Southeast Asia was flat at $940; North China calcium carbide law reported 6860 yuan / ton, down 10 yuan; ethylene law reported 7050 yuan / ton, flat; East China calcium carbide method reported 6950 yuan / ton, down 50 yuan, ethylene method 7250 yuan / ton, flat; South China calcium carbide method 6980, flat, ethylene method 7280 yuan, flat
.

The PVC1809 contract retreated slightly, closing below the 10-day line with a short-term trend turning north
.
Fundamentally, the trend of crude oil is strong, the peak of equipment maintenance, the acceleration of traders' destocking and other factors have formed a certain support for futures prices, but there are many
profit orders accumulated by bulls in the short term.

Technically, the MACD red bar is shortened, the KDJ dead cross is downward, and the short-term has technical adjustment requirements
.
Operationally, it is advisable
for investors to wait and see for the time being.