PVC low opening oscillation Position volume slightly reduced

News: As of September 4, the price of vinyl chloride in Asia fell, CFR Far East fell $10/ton to $730/ton, CFR Southeast Asia held down $10/ton at $730/ton
.
This week, the price of vinyl chloride monomer fell due to the downstream PVC market, and the price of PVC in China's main port fell by $10 / ton to $950 / ton, affected by US ocean-going cargo
.
Market news: Spot demand for vinyl chloride is sluggish, and the start of ethylene plants cannot support demand
.
Ningbo Formosa Plastics overhaul from mid-to-late August to early September; Japan still has an annual maintenance plan,

Upstream price: naphtha CF Japan reported $61.
62 / ton, up 0.
16%; FOB Singapore was trading at $74.
43 a barrel, up 0.
36%.

ethylene CFR Northeast Asia 1335 US dollars / ton, down 30 US dollars; CFR Southeast Asia was trading at $1230 a tonne, down $
10.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3290 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $950; CFR China was flat at $950
.
North China calcium carbide law reported 6960 yuan / ton, flat; ethylene law reported 7150 yuan / ton, down 80 yuan; East China calcium carbide method reported 6950 yuan / ton, flat, ethylene method 7300 yuan, flat; South China calcium carbide method 7050 yuan, down 50 yuan, ethylene method 7550 yuan, flat
.

The PVC1901 contract opened low and fluctuated, and the position volume decreased
slightly.
Fundamentally, the loosening of spot prices and the decline of spot prices in many overseas places have put pressure on
futures prices.

Technically, the MACD oscillation retreated, but the green bar went down, while the KDJ indicator has entered the oversold area and shows signs of bottom divergence, and there may be a rebound
in the short term.
Operationally, stable investors can reduce their holdings at low prices and drop their pockets
.