PVC low volatility Holdings also increased slightly

News: As of October 18, the Asian PVC market traded flat, and prices continued to fall
slightly.
CFR China fell $20/mt to $839-843/mt, CFR Southeast Asia fell $20/mt to $835-840/mt, and CFR India fell $20/mt to $890-892/mt
.
The price decline was mainly due to Formosa Plastics' cut in November cargo prices, and some downstream companies have been able to accept current prices, but demand in Southeast Asia and India has been poor
this week.

Upstream Price: Naphtha CF Japan reported $697.
62/mt, +1.
73%; FOB Singapore is trading at $75.
7/b, +1.
69%.

ethylene CFR Northeast Asia 1100 US dollars / ton, -0%; CFR Southeast Asia is trading at $1,010/mt, -0%.

Domestic calcium carbide prices are stable, East China reported 3650 yuan, -0%.

, Northwest reported 3435 yuan, +0.
88%.

Spot market: CFR Southeast Asia reported $840, -2.
33%; CFR China was trading at $840, -2.
33%.

Domestic: North China calcium carbide law reported 6780 yuan / ton, -0.
29%; Ethylene method reported 6900 yuan / ton, +0%; East China calcium carbide method reported 6650 yuan / ton, -0%, ethylene method 7000 yuan, -0.
71%; South China calcium carbide method 6900 yuan, +0%, ethylene method 7290 yuan, +0%.

PVC1901 fluctuated at a low level, the trading volume was amplified, and the position volume also increased
slightly.
Fundamentally, weak spot prices and sluggish downstream demand have suppressed
futures prices.

Technically, the MACD median dead cross is downward, the green column is growing, and the KDJ indicator dead cross is downward, indicating that there is still a pullback requirement
in the short term.
In terms of operation, it is recommended that investors set a take profit in their hands and hold
them cautiously.