PVC oscillations go lower Short orders can be reduced on the dip

News: Qilu Chemical City PVC market stable operation, market trading atmosphere is general, calcium carbide method mainstream price of about 7010 yuan / ton (including tax self-pickup), ethylene Qilu source S1000/S700 mainstream price in 7300-7450 yuan / ton including tax self-pickup
.
The price of PVC market in Guangzhou was lowered, the mainstream price of calcium carbide five-type material was 7120-7250 yuan / ton, and the bulk material Dagu 1000 type was 7550 yuan / ton
.

Upstream price: naphtha CF Japan reported 679.
62 US dollars / ton, up 1.
95%; FOB Singapore traded at $74.
11 a barrel, up 2.
00%.

ethylene CFR Northeast Asia 1365 US dollars / ton, down 30 US dollars; CFR Southeast Asia was trading at $1240/mt, down $
30.
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 7010 yuan / ton, flat; ethylene law reported 7330 yuan / ton, flat; East China calcium carbide method reported 7050 yuan / ton, flat, ethylene method 7500, flat; South China calcium carbide method 7220 yuan, flat, ethylene method 7550 yuan, flat
.

PVC1901 contracts fluctuated lower, positions increased sharply, and the short-term trend remained 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 oscillation retreated, but the KDJ indicator showed signs of flattening at a low level, and there was a divergence
in the technical indicators.
In terms of operation, stable investors can reduce their holdings with short orders in their hands, and aggressive investors can still hold cautiously with short orders in their hands to take profit
.