PVC rebounded slightly and the power of the bears increased

In terms of news, Taiwanese Formosa Plastics announced its May shipping schedule quotation, CIF India fell $40 to $850-860 / ton, CIF China fell $30 to $810-820 / ton, FOB China Taiwan fell $30 to $780-790 / ton
.
Due to the current high domestic PVC price, the reduction of import prices will lead to the opening of the import arbitrage window, which is obviously negative
for spot prices.

In the spot market, the PVC market in Hebei is adjusted in a narrow range, the supply is not much, and the downstream demand is not good
.
The quotation of 5 type material excluding tax is delivered at 6220-6320 yuan / ton, the price including tax is 6670-6780 yuan / ton, and some lower and higher prices have also been heard
.
The PVC market in Shanghai is generally traded, the inquiry is the mainstay, the mainstream of merchant quotations is temporarily stable, and the real market fluctuates slightly, and the mainstream of reference quotation calcium carbide method 5 type materials is 6800-6900 yuan / ton
.
Ethylene method Dagu Qilu material 1000 model sent in 7000-7100 yuan / ton for negotiation
.

Warehouse receipt inventory, exchange warehouse receipt reported 0 lots, in the historical low area, stable
intraday.
Main positions: the top 20 long positions in the main contract are 141271 lots, -3828 lots, short positions are 152410 lots, -3522 lots, and net long positions are -11139 lots, -306 lots
.

Fundamentally, the firm trend of crude oil has provided some support to prices, but the two barrels of oil inventories remain high, and the sluggish downstream demand for PVC has suppressed prices to a certain extent
.
Technically, PVC1909 relied on the 10-day moving average to rebound slightly, with a significant reduction in trading volume and a slight reduction in holdings
.
The technical indicator MACD high is flat, the red bar is contracting, and the KDJ indicator is a dead cross at the high and there are signs of
downward.
It shows that the power of the air side has increased
.
Operationally, it is recommended that investors hold short orders cautiously and pay attention to the support of the 6755 line
.