PVC high oscillation finishing short-term volume can contract

News: Lutai Chemical's PVC plant starts at full load with 240,000 tons/year plant, the maintenance plan is postponed to June 20, and the new production capacity of 120,000 tons is expected to be put into operation
at the end of October.
Today's price was raised by 30 yuan / ton, and the calcium carbide method 5 type factory reported 7080 yuan / ton acceptance
.

Upstream price: naphtha CF Japan reported 646.
62 US dollars / ton, down 0.
43%; FOB Singapore was trading at $71.
05 a barrel, down 0.
55%.

ethylene CFR Northeast Asia 1350 US dollars / ton, flat; CFR Southeast Asia was trading at $1235 a tonne, up $
10.
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 $920; CFR China was flat at $925; North China calcium carbide law reported 7050 yuan / ton, flat; ethylene law reported 6910 yuan / ton, unchanged; East China calcium carbide method reported 7100 yuan / ton, flat, ethylene method 7200 yuan / ton, flat; South China calcium carbide method 7050 yuan, flat, ethylene method 7200 yuan, flat
.

The PVC1809 contract showed high volatility, short-term volume contraction, and the upside is expected to be limited
.
Fundamentally, the peak of device maintenance, and the stationing of environmental protection groups for inspection form a certain support
for the futures price.

Technical indicators, KDJ indicator is in the oversold zone, below test near the five-day line support, above test around 7150 pressure
.
In terms of operation, investors set a take profit in their hands and hold
it cautiously.