PVC narrow finishing position has decreased

News: According to data from the National Bureau of Statistics, PVC production in July 2018 was 1.
467 million tons, an increase of 1.
7% over the same period last year, and the cumulative output from January to July was 10.
833 million tons, an increase of 4.
3%
year-on-year.
Customs statistics show that the export volume of PVC pure powder in July 2018 was 29,000 tons, a year-on-year decrease of 65.
6%.

In July 2018, the import volume of PVC pure powder was 78,000 tons, an increase of 46.
6%
year-on-year.

Upstream price: naphtha CF Japan reported 658.
88 US dollars / ton, up 0.
5%; FOB Singapore was trading at $71.
73 a barrel, up 0.
36%.

ethylene CFR Northeast Asia 1395 US dollars / ton, down 5 US dollars; CFR Southeast Asia was flat at $1270/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 $960
.
North China calcium carbide law reported 7120 yuan / ton, flat; Ethylene law reported 7350 yuan / ton, flat; East China calcium carbide method reported 7050 yuan / ton, flat, ethylene method 7550, flat; South China calcium carbide method 7330 yuan, flat, ethylene method 7680 yuan, flat
.

The PVC1901 contract was sorted out in a narrow range, and the position volume has decreased, and the recent trend is still weak
.
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 high is dead forked and diverges downward, but the KDJ indicator shows signs
of flattening low.
Operationally, investors set short orders in their hands to take profit and hold
them cautiously.