PVC low recovery Position volume decreased slightly

News: The PVC market in Qilu Chemical City is stable and good, the trading atmosphere is good, the quotation of traders is raised by 60-100 yuan / ton, the mainstream price of calcium carbide method is about 6900-6930 yuan / ton (including tax self-pickup), and the mainstream price of ethylene Qilu source S1000/S700 is 7000-7100 yuan / ton including tax self-pickup
.
The price of PVC market in Guangzhou was raised, and the mainstream price of calcium carbide five-type material was 6970-7080 yuan / ton for cash withdrawal, and the bulk material Dagu 800/1000 type was 7230 yuan / ton
.

Upstream price: naphtha CF Japan reported $672.
75 / ton, up 0.
04%; FOB Singapore was trading at $73.
84 a barrel, up 0.
03%.

Ethylene CFR Northeast Asia was $1350/ton, down $14.
5; CFR Southeast Asia was $1235/ton, down $
15.
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 $945; CFR China was flat at $960
.
North China calcium carbide law reported 6870 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 7010 yuan / ton, flat, ethylene method 7150, flat; South China calcium carbide method 7000 yuan, flat, ethylene method 7250 yuan, flat
.

Summary of views: PVC1809 contracts have rebounded and positions have decreased slightly (the main contract is moving 1901 contracts).

Fundamentally, social inventories have fallen, and spot prices have been firm to form a certain support
for futures prices.

The technical indicator MACD oscillates to the upside, and the KDJ indicator continues to hover
near the central axis.
At present, there is pressure on the futures price, and there is support below, and it is expected to maintain the pattern of range shock in
the short term.
Investors can sell high and sell low in the range between 6850 and 7100, with a stop loss of 80 pips
each.