PVC narrow finishing short-term multi-party advantage

News: Vinyl chloride prices rose by $10/mt this week, CFR Far East closed at $700/mt, and CFR Southeast Asia at $730/mt
.
Asian vinyl chloride monomer rose $10/mt this week, downstream PVC prices rose $20/mt, and the current Asian PVC-vinyl chloride spread increased by $10/mt to a five-month high of $180/ton
.
Relevant data show that Japan's vinyl chloride production fell 17.
71% to 188931 tons in May, while its export volume increased by 3.
11% to 76,853 tons
.

Spot market: The PVC market in Hebei has improved its atmosphere, but the transaction is average, and the downstream demand is not good
.
The price of Type 5 material including tax is delivered at 6620-6700 yuan / ton, and some lower and higher prices have also been heard
.
Yili 5 type factory factory 6500 yuan / ton including tax, Oriental Hope 5 type factory 6470 yuan / ton including tax, Inner Mongolia Yihua 5 type factory 6380 yuan / ton including tax, Inner Mongolia Sanlian 5 type factory 6400 yuan / ton
including tax.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 163348 lots -136 lots, short positions are 159920 lots, -2465 lots, and net long positions are 3428 lots, -2465 lots
.

Summary: Downstream demand generally produces a certain suppression on the price of PVC, but the price of the Asian market has rebounded, and the peak period of equipment maintenance has produced certain support
for the price of PVC.
Technically, the PVC1909 contract is narrowly sorted, and the lower moving average still provides some support
for it.
MACD rises slightly, the red column elongates
.
The KDJ indicator also fluctuated higher, indicating a short-term bullish advantage
.
In terms of operation, it is recommended that investors hold long orders with caution
.