PVC position reduction rushed higher short-term increase is too large

News: the domestic soda ash market trend is strong, the price in Henan region is raised, the increase is large, the mainstream factory price of light alkali in the region is 1850-1900 yuan / ton
.
The third phase of Zhongyuan Chemical plant is shut down for maintenance, and 60% of the construction is currently started, and about 30% of Henan Junhua is started
.
Local supply is tight and mainstream customers
are maintained.
At present, domestic maintenance and load reduction enterprises involve large production capacity, downstream demand is generally acceptable, and the overall trend of soda ash is optimistic
.

Market: PVC market price in Qilu Chemical City was raised, affected by the rise in futures, traders raised the quotation by 0-50 yuan / ton, calcium carbide type 5 mainstream price 6590-6660 yuan / ton, ethylene Qilu source price in 6720-6780 yuan / ton
.
The quotation of the PVC market in Shanghai was raised, with an increase of 100 yuan / ton, and the mainstream of calcium carbide method 5 type material was 6600-6680 yuan / ton, and the ethylene method Dagu Qilu material 1000 model was sent to 6800 yuan / ton for negotiation
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: the top 20 long positions in the main contract are 128570 lots +8688 lots, short positions are 125507 lots, 12289 lots, and net long positions are 3063 lots, -3601 lots
.

Fundamentally, the inventory of production enterprises remains high, and the sluggish downstream demand for PVC has caused a certain suppression
of prices.
However, the strong trend of crude oil has provided some support to prices, and after entering April, downstream demand is expected to accelerate the recovery and also support
prices.
Technically, PVC1909 fell slightly, and both trading volume and position volume increased
sharply.
The technical indicator MACD oscillates to the upside, but the red bar is elongated, and the KDJ indicator shows signs
of flattening at a high level.
It shows that the strength of many parties has increased
.
In terms of operation, in view of the excessive short-term increase, it is recommended that investors can reduce their holdings when they rush high, and take them back
after the return.