PVC opens high and goes low, and the position volume continues to decrease significantly

News: Jiangsu, a major chemical province, has carried out comprehensive diagnosis and treatment of key chemical enterprises
.
Period: August 1, 2018 to December 31
, 2020.
Key remediation objects: chemical enterprises
whose products or raw materials themselves are explosive.
Products or raw materials with explosive nature mainly refer to ethylene oxide and propylene oxide listed in the list of key hazardous chemicals.
.
.
and 16 other chemicals
.

Upstream price: naphtha CF Japan reported $659 / ton, up 0.
65%; FOB Singapore traded at $72.
76 a barrel, up 0.
41%.

ethylene CFR Northeast Asia 1360 US dollars / ton, up 10 US dollars; CFR Southeast Asia was flat at $1235/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $945; CFR China was flat at $960
.
North China calcium carbide law reported 7060 yuan / ton, up 60 yuan; ethylene law reported 7280 yuan / ton, up 150 yuan; East China calcium carbide method reported 7150 yuan / ton, flat, ethylene method 7300, up 100 yuan; South China calcium carbide method 7200 yuan, up 150 yuan, ethylene method 7430 yuan, up 100 yuan
.

PVC1809 contracts opened higher and lower, and positions continued to decrease significantly (the main contract is moving positions in 1901 contracts).

Fundamentally, social inventories have fallen, and petrochemical companies' price increases have formed a certain support
for futures prices.
Technical indicators diverged, MACD continued to oscillate higher, but KDJ indicators continued to hover
around the central axis.
Short-term or technical adjustment pressure
.
In terms of operation, it is recommended that investors can reduce their holdings at high prices when they rise sharply, and drop their pockets for safety
.