PVC rebounded slightly Holdings also shrank sharply

News: reported on October 19: The price of vinyl chloride monomer fell slightly by $5 / ton this week, mainly due to the weak trend of downstream PVC, and the current price difference between PVC and VCM remained at $145 / ton
.
Vinyl chloride in the United States and northwest Europe remained stable, with export prices at $620 and $600/mt FOB USG, and domestic vinyl chloride monomer prices in the United States continued to hold steady at 40 cents/lb
.

Upstream price: naphtha CF Japan reported $669.
88/ton, -0.
8%; FOB Singapore is trading at $72.
53/b, -0.
92%.

ethylene CFR Northeast Asia 1090 US dollars / ton, -0.
91%; CFR Southeast Asia is trading at $1,000/mt, -0.
99%.

Domestic calcium carbide prices are stable, East China reported 3650 yuan, -0%.

, Northwest reported 3435 yuan, +0.
88%.

Spot market: CFR Southeast Asia reported $840, -0%; CFR China is trading at $840, -0%.

Domestic: North China calcium carbide law reported 6690 yuan / ton, -1.
33%; Ethylene law reported 6800 yuan / ton, -1.
45%; East China calcium carbide method reported 6650 yuan / ton, -0%, ethylene method 7000 yuan, -0%; South China calcium carbide method 6700 yuan, -1.
03%, ethylene method 7220 yuan, +0.
28%.

PVC1901 rebounded slightly, trading volume decreased, and holdings also shrank
sharply.
Fundamentally, weak spot prices and sluggish downstream demand have suppressed
futures prices.

Technically, both the MACD and KDJ indicators show signs of flattening lows, indicating that the bears' strength has weakened
.
In terms of operation, it is recommended that investors close short orders in their hands and do not go long
for the time being.