PVC shock lower, short-term multi-party forces have weakened

In terms of news, the export volume of PVC flooring materials in May was 376,800 tons, a sharp increase of 106,000 tons, or 39.
14%,
from April.
Among them, general trade was 353,400 tons, and exports to the United States were 207,300 tons, Canada 24,000 tons, and Germany 20,000 tons
.
Since the U.
S.
-China tariffs have been implemented since June, exports are expected to decrease
significantly in June.

In May 2019, the import volume of vinyl chloride remained at 77,300 tons, of which 69,300 tons were general trade, and the import source was 38,600 tons in Japan, 30,000 tons in Taiwan and 8,000 tons
in South Korea.
Vinyl chloride exports 09,700 tons, Vietnam 06,400 tons, Pakistan 03,300 tons
.

Spot market, PVC market price in Guangzhou area lowered, calcium carbide five-type material price reduced by 20-30 yuan / ton, mainstream price in 6780-6840 yuan / ton cash pick-up, Sanlian reported 6780 yuan / ton, Dongxing reported 6800 yuan / ton, Yanhu reported 6780 yuan / ton, Xinfa reported 6810 yuan / ton, Jinwei reported 6810 yuan / ton, Tianhu reported 6820 yuan / ton, Haina reported 6810 yuan / ton, Jinyuyuan type 5 reported 6810 yuan / ton, Junzheng new old factory reported 6840 yuan / ton, There is no quotation for ethylene Dagu 1000 type, 800 type reported 6900 yuan / ton, 700 type reported 6900 yuan / ton, 1300 type reported 7100 yuan / ton
.
Shantou area: Junzheng old factory reported 6900 yuan / ton, Yili reported 6900 yuan / ton, Jinyuyuan type 5 reported 6900 yuan / ton, real negotiation
.

Warehouse receipt inventory, exchange warehouse receipt reported 2000 lots, in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 152915 lots -1276 lots, short positions are 160461 lots, +786 lots, net long positions are -7546 lots, -2062 lots
.

Summary: The price recovery in the Asian market has provided some support
to PVC prices during the peak period of plant maintenance.
However, after a sustained rise, there are some signs of overbought in the short term, which suppresses prices
.
Technically, the PVC1909 contract fluctuated lower and the short-term trend weakened
.
The median MACD flattened and the red column contracted
.
The KDJ indicator shows signs of a dead cross downward at the high, indicating that the short-term bullish strength has weakened
.
In terms of operation, it is recommended that investors settle their hands on high orders and settle their bags
.