PVC low opening and reducing positions The starting price fell below the 20th moving average support

News: Taishan salinization 100,000 tons/year PVC plant started normally
.
Today's price is reduced by 30 yuan / ton, calcium carbide method 5 type factory quotation refers to 7050 yuan / ton acceptance, a single discussion is the main 5
.

Upstream price: naphtha CF Japan reported 645 US dollars / ton, down 0.
85%; FOB Singapore was trading at $70.
91 a barrel, down 0.
85%.

ethylene CFR Northeast Asia 1355 US dollars / ton, up 5; CFR Southeast Asia was trading at $1260/mt, up 25
%.
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 $935; CFR China was flat at $940; North China calcium carbide law reported 6910 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 7000 yuan / ton, flat, ethylene method 7250 yuan / ton, flat; South China calcium carbide method 7050 yuan, flat, ethylene method 7200 yuan, flat
.

The PVC1809 contract opened low and fell down, and the starting price fell below the 20th moving average support
.
Fundamentally, the upstream calcium carbide operating rate is high, the supply of calcium carbide is sufficient, the support for PVC costs is weakened, and the downstream demand is insufficient in the off-season, but the PVC equipment maintenance, the market supply pressure may be limited
.

Technical indicators, KDJ indicators form a dead cross turn downward, short-term weak oscillation, below test the support
near the 60-day moving average.
Operationally, it is recommended to continue to sell short on the high
.