PVC oscillations upward trading volume increased significantly

News: It was learned from the Hubei Provincial Department of Housing and Urban-Rural Development that since the opening of the "Hubei Provincial Major Project Planning Zone" in August this year, there have been 132 access database projects in the province's housing construction field, with an estimated total investment of 81.
62 billion yuan
.

Upstream Price: Naphtha CF Japan reported $722.
75/mt, +1.
07%; FOB Singapore is trading at $78.
63/b, +0.
90%.

ethylene CFR Northeast Asia 1160 US dollars / ton, -1.
69%; CFR Southeast Asia is trading at $1060/mt, -1.
85%.

Domestic calcium carbide prices were stable, with East China reporting 3700 yuan, flat, and Northwest reported 3405 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $880; CFR China was flat at $870
.
North China calcium carbide law reported 6790 yuan / ton, up 20 yuan; Ethylene law reported 6900 yuan / ton, flat; East China calcium carbide method reported 6820 yuan / ton, up 20 yuan, ethylene method 7050 yuan, flat; South China calcium carbide method 6900 yuan, flat, ethylene method 7290 yuan, flat
.

PVC1901 oscillated to the upside, the trading volume increased significantly, but the position fell sharply, indicating that there were short funds to profit and leave the market
.
Fundamentally, the strong price of calcium carbide has formed some support for the futures price, and the strong trend of the chemical sector is also expected to support
it.

Technically, MACD has oscillated higher, red bars have grown, and KDJ indicators have also oscillated upward, indicating short-term rebound requirements
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.