PVC high volatility long orders can be held cautiously

News: Shandong Xinfa 600,000 tons/year PVC plant is normal, and the equipment maintenance plan has been postponed to May
.
Today's price was raised by 50 yuan tons, and the ex-factory price of calcium carbide method 5 type materials in the early factory area was reported at 6600 yuan / ton in cash exchange, and orders were accepted in limited quantities
.

Upstream price: Japan naphtha CF Japan reported 627.
62 US dollars / ton, up 1.
87%; Naphtha FOB Singapore was trading at $68.
97 a barrel, up 1.
95%.

ethylene CFR Northeast Asia 1335 US dollars / ton, down 5; CFR Southeast Asia was flat at $1270/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 6580 yuan / ton, flat; ethylene law reported 6850 yuan / ton, flat; East China calcium carbide method reported 6750 yuan / ton, flat, ethylene method 7000 yuan / ton, up 50; South China calcium carbide method 6750, flat, ethylene method 7000 yuan, flat
.

PVC1809 contract high volatility finishing
.
Fundamentally, factors such as the acceleration of traders' inventory reduction have formed a certain support for futures prices, but the price of upstream raw materials has fallen, which may have certain pressure
on prices.

Technically, in the short term, focus on the 6800-6850 line of pressure, and test the five-day support below, because the KDJ indicator is in the oversold range, and the upside is expected to be limited
.
In terms of operation, investors can hold more orders in their hands with caution, and investors can also try to buy PVC and sell PP arbitrage operations
.