PVC oscillations to the upside The bulls still have a slight advantage

News: On May 2, the European PVC spot price held steady at 920 euros / ton, CFR Turkey PVC spot price held steady at 940 US dollars / ton, the May market contract price is currently 943 euros / ton, the negotiation range is 940-945 euros / ton, but it is reported that no negotiations have been reached
.

Upstream price: naphtha CF Japan reported 629.
5 US dollars / ton, down 0.
12%; FOB Singapore was trading at $69.
87 a barrel, up 0.
55%.

ethylene CFR Northeast Asia 1260 US dollars / ton, down 25 US dollars; CFR Southeast Asia was flat at $1220/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 6800 yuan / ton, flat; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide method reported 6880 yuan / ton, flat, ethylene method 7150 yuan / ton, flat; South China calcium carbide method 6850, up 20 yuan, ethylene method 7160 yuan, up 30 yuan
.

The PVC1809 contract relies on the five-day moving average to oscillate to the upside, indicating that the bulls still have a slight advantage
.
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 oscillation is to the upside, but KDJ has diverged, and the two have diverged
.
Operationally, investors can reduce their holdings
at 7,000 yuan.