PVC range finishing shows that the bulls' strength has weakened

News: Asian PVC market is stable and rising, CFR China price at $850 / ton, CFR Southeast Asia at $840 / ton, unchanged from last week, CFR India up $10 to $890 / ton
.
FAS Houston rose $15 to $755
.

Spot market: Shanghai PVC market spot price sorting, calcium carbide five-type material mainstream quotation 6900-7020 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7100-7200 yuan / ton for negotiation, Qilu Chemical City calcium carbide method 5 type price reduced by 10 yuan / ton, quotation at 6990 yuan / ton, ethylene material Qilu S1000 price reduced by 30 / ton, quotation in 6970 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 2852 lots, in the historical median area, intraday -4812 lots
.
Main positions: The top 20 long positions in the main contract are 168466 lots +3065 lots, short positions are 170530 lots, -523 lots, and net long positions are -2064 lots, +3588 lots
.

Summary: The high level of crude oil has fallen, the Sino-US trade war has intensified, and downstream demand has generally suppressed the price, but the increase in equipment maintenance and the decline in social inventory have produced certain support
for PVC prices.
Technically, PVC1909 is range-bound, and the trading volume has rebounded significantly, but the position has decreased
slightly.
The main position shows that the long position increases the position, the short position decreases, and the long party prevails
.
On the indicator, the MACD retreated slightly, the green bar elongated, and the KDJ indicator hovered low, indicating that the bulls' strength has weakened
.
Operationally, it is advisable
for investors to trade in the range of 6800-6900.