PVC low rebounded The trading volume rebounded significantly

News: As of June 28, PVC southern social inventory declined, Longzhong information statistics East China and South China sample inventory data in 191,000 tons, of which East China inventory in 136,000 tons, South China inventory in 55,000 tons
.

Upstream price: naphtha CF Japan reported 652.
25 US dollars / ton, up 1.
60%; FOB Singapore traded at $71.
5 a barrel, up 1.
71%.

ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.
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 $940; CFR China was flat at $935; North China calcium carbide law reported 6850 yuan / ton, flat; ethylene law reported 6920 yuan / ton, unchanged; East China calcium carbide method reported 6850 yuan / ton, down 50 yuan, ethylene method 7050, flat; South China calcium carbide method 6900 yuan, flat, ethylene method 7150 yuan, flat
.

PVC1809 contracts rebounded from the low, and the trading volume rebounded significantly, but the position decreased
.
Fundamentally, the central bank targeted RRR reduction, the peak of device maintenance, the continuous decline of social inventory, and the stationing of environmental protection teams to inspect formed a certain support for futures prices, but the Sino-US trade war escalated, and the spot price fell to suppress
prices.

Technical indicators, MACD green column shortening, KDJ low golden cross, short-term requirements to continue to rebound, but the upper pressure can not be underestimated
.
Operationally, it is recommended that investors wait and see
.