PVC rushed back down short-term or still repeated

News: According to customs statistics, the import volume of PVC pure powder in August 2018 was 60,000 tons, down 28.
08% from the previous month and 20%
from the same period last year.
The export volume of PVC pure powder in August was 46,000 tons, an increase of 58.
62% over the previous month, and a year-on-year decrease of 19%
compared with the same period last year.

Upstream price: naphtha CF Japan reported 699.
25 US dollars / ton, up 1.
16%; FOB Singapore was trading at $76.
42 a barrel, up 1.
18%.

ethylene CFR Northeast Asia 1300 US dollars / ton, flat; CFR Southeast Asia was flat at $1160/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3700 yuan, flat, and Northwest reported 3405 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $880; CFR China was flat at $870
.
North China calcium carbide law reported 6790 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6860 yuan / ton, up 10 yuan, ethylene method 7080 yuan, flat; South China calcium carbide method 6950 yuan, flat, ethylene method 7350 yuan, flat
.

PVC1901 contract rushed back down, intraday volume increased positions, short-term or still repeated
.
Fundamentally, the strong price of calcium carbide has formed a certain support for the futures price, but the Asian spot price is sluggish, and the willingness of downstream demanders to take goods is not strong, which suppresses
the futures price.

Technically, MACD has a low golden cross, the green column continues to shorten, and the KDJ indicator has a double golden cross at the low level, indicating that there is a short-term rebound requirement
.
Operationally, investors who are stable can wait and see for the time being, and activist investors can try to grab a rebound
lightly.