PVC low recovery The lower moving average has some support for the time being

In terms of news, the US PVC export price in July was unchanged from June, up $65/ton
from May.
After entering July, Westlake Chemical's PVC plant with an annual output of 860,000 tons is resuming production, and Formosa Plastics' 750,000-ton vinyl chloride plant is expected to resume operation
next week.
Plaque's 720,000-tonne vinyl chloride plant next year is under maintenance and is expected to resume production soon
.

In the spot market, the price of PVC market in Guangzhou was raised, the price of some materials was raised by 10-20 yuan / ton, the mainstream price was 6860-6960 yuan / ton, the three reports were 6860 yuan / ton, Dongxing reported 6940 yuan / ton, Yanhu reported 6880 yuan / ton, Xinfa reported 6940 yuan / ton, Jinwei reported 6900 yuan / ton, Tianhu reported 6920 yuan / ton, Yili 6970 yuan / ton, Haina reported 6900 yuan / ton, Jinyuyuan type V reported 6880 yuan / ton, Zhongtai reported 7020 yuan / ton / ton, Oriental reported 6960 yuan / ton, Junzheng new and old factory reported 6960 yuan / ton, ethylene Dagu 1000 type has no quotation, 800 type reported 6980-7000 yuan / ton, 700 type reported 7000 yuan / ton, 1300 type reported 7200 yuan / ton
.
Shantou area: Junzheng old factory reported 7020 yuan / ton, Yili reported 7020 yuan / ton, Jinyuyuan type 5 reported 7000 yuan / ton, real negotiation
.

Warehouse receipt inventory, exchange warehouse receipt reported 2000 lots, in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 156881 lots +3891 lots, short positions are 168153 lots, +2257 lots, and net long positions are -11272 lots, +1634 lots
.

Summary: The easing of Sino-US relations, the recovery of prices in the Asian market, and the peak period of equipment maintenance have produced certain support
for PVC prices.
However, the weak trend of crude oil has put some pressure
on prices.
Technically, the PVC1909 contract rebounded low, the lower moving average temporarily produced some support for it, MACD rose slightly, and the red column elongated
.
The KDJ indicator oscillates at a high level with signs of
divergence.
In terms of operation, investors are advised to hold
long positions with caution.
Conditional investments can first throw out long orders in their hands when they rise sharply, and then pick them up
after they return.