PVC opens slightly low and can reduce its holdings at a high price

News: Inner Mongolia electricity price reduction: Mengxi power grid general industrial and commercial electricity price reduced by 1.
4 cents/kWh
.
If calculated according to the comprehensive power consumption of PVC per ton calcium carbide method of 5500-5600 kWh (including calcium carbide power consumption and production aggregation power consumption), the cost per ton of PVC is reduced by about
77 yuan.

Upstream price: naphtha CF Japan reported 656.
12 US dollars / ton, up 0.
38%; FOB Singapore was trading at $72.
46 a barrel, up 0.
54%.

ethylene CFR Northeast Asia 1260 US dollars / ton, flat; CFR Southeast Asia was flat at $1195/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR China was flat at $940, CFR Southeast Asia was flat at $940; North China calcium carbide law reported 6880 yuan / ton, up 80 yuan; ethylene law reported 7100 yuan / ton, up 50 yuan; East China calcium carbide method reported 7000 yuan / ton, flat, ethylene method 7250 yuan / ton, up 100 yuan; South China calcium carbide method 6980, up 30 yuan, ethylene method 7280 yuan, up 30 yuan
.

The PVC1809 contract opened slightly lower, and after encountering upward resistance in early trading, it returned to the intraday moving average to sort out, and short-term pressure appeared
.

Fundamentally, the trend of crude oil is strong, the peak of equipment maintenance, and the acceleration of traders' destocking have formed a certain support
for futures prices.
Technically, the MACD red column is flat, KDJ has signs of turning downward, and the short-term needs to guard against technical adjustments
.
In terms of operation, investors can reduce their holdings at high prices, and take them back after the retreat, and it is not appropriate to chase the high in the
short term.