PVC low opening oscillation trading volume shrank sharply

News: Affected by the tight supply situation in China, the Asian PVC market continues to strengthen
.
Market news, major Asian PVC producers said prices in January continued to be $20/mt
higher than in December.
Major Asian producers quoted $860/mt CFR China and $900-920/mt CFR India in December, and the market is expected to post January
market quotations next week as buyers rush to build up inventories before the Lunar New Year in early February.

Upstream price: Naphtha CF Japan reported $489.
5/mt, -0.
83%; FOB Singapore is trading at $52.
5/b, -0.
94%.

ethylene CFR Northeast Asia 860 US dollars / ton, -2.
72%; CFR Southeast Asia was trading at $770/mt, -2.
53%.

Domestic calcium carbide prices fell, East China reported 3200 yuan, -0%, Northwest reported 3075 yuan, -0%.

Spot market: CFR Southeast Asia quoted $860, +0%; CFR China is trading at $860, +0%.

Domestic: North China calcium carbide law reported 6550 yuan / ton, +0%; Ethylene law reported 6800 yuan / ton, +0%; East China calcium carbide method reported 6680 yuan / ton, +0%, ethylene method 7000 yuan, +0%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

PVC1905 opened low and fluctuated, trading volume shrank sharply, and positions increased
significantly.
Fundamentally, spot prices stopped falling and stabilized, and social inventories continued to fall to form some support for prices, but the situation between China and the United States is changeable, and the decline in crude oil has caused market concerns
again.

Technically, the MACD edged to the upside, but the red bar became shorter, and the KDJ indicator showed signs of flattening in the midpoint, indicating that the rebound strength has weakened
.
In terms of operation, it is recommended that investors temporarily wait and see
.