PVC probes low and higher, and the trading volume has increased significantly

News: Jiangsu, the second largest chemical province, launched the 2018 chemical treatment action, and many cities in the province have carried out governance work
.
At the first meeting of the 16th Nanjing Municipal People's Congress held a few days ago, acting mayor Lan Shaomin said that in 2018, Nanjing will focus on promoting coal reduction and chemical reduction, and shut down 40 chemical enterprises throughout the year
.

Raw material prices: naphtha CF Japan reported 563.
75 tons, up 1.
99%; FOB Singapore traded at $61.
2 a barrel, up 2.
00%.

ethylene CFR Northeast Asia 1230, down $55; CFR Southeast Asia was trading at $1180 a tonne, down $
15.
Calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
.

Spot market: North China calcium carbide law reported 6540 yuan / ton, flat; ethylene law reported 6680 yuan / ton, flat; East China calcium carbide method reported 6650 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
.

Today's PVC1805 contract opened slightly higher and then went lower, and the trading volume increased sharply, indicating that market sentiment has recovered, but the position has decreased, indicating that short-term funds are more likely
.

Fundamentally, upstream raw materials and spot prices have remained stable to form a certain support for futures prices, but most downstream enterprises are still stopping, and there is no support on the demand side
.
Technically, the KDJ and MACD indicators show signs of stopping the decline, but the upper moving average is also more obvious in suppressing the futures price, and it is expected that the possibility of the market continuing to be range-bound is high
.
In terms of operation, the investment can be sold high and low in the range of 6500-6750, and the rolling operation can be carried
out.