PVC sideways half-year line repeatedly unbroken

News: North China was affected by two impacts in March, and downstream product factories stopped working
.
The downstream start of construction in East China, South China and other regions has also improved slowly, and some downstream are optimistic about the March market before the holiday, and there are more stockpiles and still not digested
.
At present, the social stock in East China has reached about 280,000 tons, and the social stock in South China has reached about
95,000 tons.

Upstream price: naphtha CF Japan reported 602.
25 US dollars / ton, down 0.
78%; FOB Singapore was flat at $66.
82 a barrel
.
ethylene CFR Northeast Asia 1385, flat; CFR Southeast Asia was flat at $1285/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR China was flat at $960, CFR Southeast Asia was flat at $965; North China calcium carbide law reported 6360 yuan / ton, up 90 yuan; ethylene law reported 6600 yuan / ton, up 50 yuan; East China calcium carbide method reported 6450 yuan / ton, up 50 yuan, ethylene method 6750 yuan / ton, flat; South China calcium carbide method 6450, flat, ethylene method 6800 yuan, flat
.

The PVC1805 contract is sideways, and the half-year line is repeatedly broken, indicating that there is a certain pressure
above.
Fundamentally, high inventories, environmental protection inspections and other factors have formed a certain suppression
of the futures price.
However, the current improvement in downstream demand may support futures prices
.

Technically, the MACD low golden cross is upward, and the KDJ indicator is volatile higher, indicating that the rally is expected to continue
.
In terms of operation, investors can take profits first when there is a sharp rise in their hands, and then retake them after they return
.