PVC low volatility indicates that the short-term trend is still weak

News side: According to the ICIS-MRC price report, the demand for PVC in the Russian domestic market is declining, and producers have had to reduce the supply price
in the Russian domestic market due to increased competition among producers.
Prices in November decreased by 4,000 rubles/ton
compared to October.
PVC prices in the Russian market have been steadily rising since the beginning of the year, and the downward revision of PVC prices in November will be the first month
of price declines in 2018.

Upstream price: naphtha CF Japan reported $577.
25/ton, -1.
64%; FOB Singapore is trading at $62.
14/b, -1.
82%.

ethylene CFR Northeast Asia 920 US dollars / ton, -0%; CFR Southeast Asia is trading at $835/mt, -0%.

Domestic calcium carbide prices retreated, with East China reporting 3390 yuan, -0%, and Northwest reporting 3175 yuan, -1.
55%.

Spot market: CFR Southeast Asia quoted $850, +0%; CFR China is trading at $850, +0%.

Domestic: North China calcium carbide law reported 6370 yuan / ton, -0%; Ethylene law reported 6600 yuan / ton, -0%; East China calcium carbide method reported 6400 yuan / ton, -0.
78%, ethylene method 6750 yuan, -0%; South China calcium carbide method 6450 yuan, -0%, ethylene method 7220 yuan, +0%.

PVC1901 fluctuated at a low level, and the trading volume and position volume shrank slightly, indicating that the short-term trend is still weak
.
Fundamentally, downstream demand is sluggish, spot prices are weak to suppress futures prices, technically, MACD indicators and KDJ indicators low passivation, indicating that there are currently signs of
overbearing.
Operationally, it is recommended that investors wait and see for the time being
.