PVC increased positions to the upside and led the chemical board

News: In January 2018, China's PVC pure powder import volume was 72011.
96 tons, the cumulative import volume was 72011.
96 tons, the import amount of the month was 64.
2675 million US dollars, the cumulative import amount was 64.
2675 million US dollars, the average import price was 892.
46 US dollars / ton, the import volume increased by 27.
93% month-on-month, the year-on-year increase was 16.
32%, and the cumulative import volume increased by 16.
32%
over the same period last year.

In January 2018, China's PVC pure powder export volume was 73880.
49 tons, the cumulative export volume was 73880.
49 tons, the monthly export amount was 60.
6334 million US dollars, the cumulative export amount was 60.
6334 million US dollars, the average export price of the month was 820.
7 US dollars / ton, the export volume increased by 7.
12% month-on-month, up 69.
77% year-on-year, and the cumulative export volume increased by 69.
77%
over the same period last year.

Upstream prices: naphtha CF Japan reported 575.
25 tons, down 0.
04%; FOB Singapore was trading at $62.
53 a barrel, down 0.
05%.

ethylene CFR Northeast Asia 1250, up $20; CFR Southeast Asia was trading at $1190 a tonne, up $10
.
Domestic calcium carbide prices continued to remain stable, with East China reporting 3420 yuan, flat, and Northwest reporting 3150 yuan, flat
.

Spot market: PVC China CIF price was flat at $980; North China calcium carbide law reported 6540 yuan / ton, flat; Ethylene law reported 6720 yuan / ton, unchanged; East China calcium carbide method reported 6680 yuan / ton, up 80 yuan, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6700, down 20 yuan, ethylene method 7050 yuan, up 50 yuan
.

Today, the PVC1805 contract increased its position to the upside, and the upper pressure level was easily broken, leading the chemical sector
.

Fundamentally, upstream raw materials and spot prices have remained stable to form a certain support for the futures price, and the start of downstream product enterprises is gradually rising, which is expected to support the futures price
.

Technically, KDJ diverges upwards, MACD indicators are also at the low golden cross, and the rally is expected to continue
.
Operationally, investors can take advantage of the dip and open long orders
around 6730.