PVC rebounded slightly, but transactions decreased significantly

News: Guangzhou PVC market price down, calcium carbide five-type material mainstream price in 6900-6930 yuan / ton cash pick-up, ethyl thin material Dagu 800/1000 type 7150 yuan / ton, Qilu Chemical City PVC market is stable, traders quotation is stable, trading atmosphere is general
.

Upstream price: naphtha CF Japan reported 661.
75 US dollars / ton, down 0.
68%; FOB Singapore was trading at $72.
54 a barrel, down 0.
73%.

ethylene CFR Northeast Asia 1390 US dollars / ton, down 5 US dollars; CFR Southeast Asia was flat at $1270/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $935; North China calcium carbide law reported 6910 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6850 yuan / ton, up 50 yuan, ethylene method 7100, flat; South China calcium carbide method 6900 yuan, down 50 yuan, ethylene method 7150 yuan, flat
.

The PVC1809 contract rebounded slightly, but the transaction volume decreased
significantly.
Fundamentally, the central bank targeted RRR reduction, the peak of device maintenance, the continuous decline of social inventory, and the stationing of environmental protection teams to inspect formed a certain support for futures prices, but the Sino-US trade war escalated, and the spot price fell to suppress
prices.

Technical indicators, MACD green column flattened, KDJ indicator hovering in the central axis, indicating that the short-term trend is difficult to argue
.
Operationally, it is advisable
for investors to wait and see for the time being.