PVC futures prices closed higher above to test the pressure at the 7000 mark

News: PVC social inventory continued to maintain a downward trend this week, down 3.
89% from last week and 38.
4% higher than last year, of which East China fell 3.
02% month-on-month and increased 42.
78% year-on-year; South China decreased by 6.
32% month-on-month and increased by 27.
14%
year-on-year.

Spot market: the spot quotation of calcium carbide method in North China was basically flat, and the S-G5 type was reported at 7000-7120 yuan / ton; The quotation of ethylene method was reported at 7090 yuan / ton
.
The quotation of Changzhou calcium carbide method in East China was basically flat, at 7000 yuan / ton, and the quotation of ethylene method was 7300 yuan / ton; The calcium carbide quotation in South China was flat at 7080-7180 yuan / ton; Ethylene law reported 7250 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 4199 lots, +280 lots
within the day.
Main positions: The top 20 long positions in the main contract are 168196 lots 1868 lots, short positions are 172645 lots, 1979 lots, and the net long position is -4449 lots
.

Summary: The price of short-term calcium carbide arrival has increased, but the maintenance of PVC equipment has increased, the market supply pressure is not large, the shipment is acceptable, the spot market price is stable, and the futures price may show range shock sorting
.
Technically, PVC1909 rose slightly within the day, indicators, MACD indicator opening downward but slightly slowed down, short-term below focus on support around 6750, above test 7000 mark pressure
.
Operationally, investors are advised to wait and see
.