PVC rebounded slightly, and the short-term direction is unclear

In terms of news: Asian PVC prices rose by $10/ton, CFR China reported $860/ton, CFR Southeast Asia at $850/ton, CFR India at $900/ton, producers quoted in July up $40-50/ton from June, and European PVC prices were at 840 euros/ton FD Northwest Europe
.

Spot market: The PVC market in Hebei has improved its atmosphere, but the transaction is general, the downstream demand is not good, and the market is running
smoothly.
The price of 5 type material including tax is delivered at 6560-6680 yuan / ton, and some lower and higher prices have also been heard
.
The price of calcium carbide 5 type in Qilu Chemical City is stable, the quotation is 6670 yuan / ton (including tax self-pickup), the price of ethylene material Qilu is stable, the price of S700 is 6790 yuan / ton, and the quotation of S1000 is 6730 yuan / ton
.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main position: the top 20 long positions in the main contract are 162670 lots -4042 lots, short positions are 148122 lots, -5304 lots, and net long positions are 14548 lots, +1262 lots
.

Summary: Downstream demand generally suppresses the price of PVC, but the attack on two oil tankers in the Gulf of Oman, the recovery of Asian market prices, and the peak period of equipment maintenance have produced certain support
for PVC prices.
Technically, PVC1909 is currently in the bottom-building market after a continuous decline, with pressure on the top and support below, MACD low flat, green column contraction, KDJ indicator is also hovering at a low level, short-term direction is unknown
.
The future market pays attention to the support of the 6570 line, and operationally, it is recommended that investors operate in the 6570-6750 range
.