PVC narrow finishing may rebound in the short term

News: PVC market price in Qilu Chemical City still shows signs of downward adjustment, the range is 50-60 yuan / ton, the market trading atmosphere is light, the mainstream price of calcium carbide method is about 6900 yuan / ton (including tax self-pickup), and the mainstream price of ethylene Qilu source S1000/S700 is 7150-7300 yuan / ton including tax self-pickup
.
The price of Guangzhou PVC market is stable, the mainstream price of calcium carbide five-type material is 7020-7100 yuan / ton, and the thin material Dagu 1000 type 7500 yuan / ton, real negotiation
.

Upstream price: naphtha CF Japan reported 693.
62 US dollars / ton, up 1.
76%; FOB Singapore was trading at $75.
76 a barrel, up 1.
79%.

ethylene CFR Northeast Asia 1335 US dollars / ton, flat; CFR Southeast Asia was flat at $1230/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3290 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $950; CFR China was flat at $950
.
North China calcium carbide law reported 6900 yuan / ton, down 60 yuan; ethylene law reported 7150 yuan / ton, flat; East China calcium carbide method reported 6950 yuan / ton, flat, ethylene method 7300 yuan, flat; South China calcium carbide method 7050 yuan, flat, ethylene method 7550 yuan, flat
.

Summary of views: The PVC1901 contract was narrowly organized, and the position volume decreased
slightly.
Fundamentally, the loosening of spot prices and the decline of spot prices in many overseas places have put pressure on
futures prices.

Technically, the MACD oscillation retreated, but the green bar flattened, while the KDJ indicator showed a bottom divergence in the oversold area and there were signs of a golden cross upward, and there may be a rebound
in the short term.
Operationally, stable investors can reduce their short orders at the dip and drop their pockets, and aggressive investors can set a stop loss and grab a rebound
when they hit the dip.