PVC sideways multi-party advantage

News: Longzhong Information reported on May 6: The total inventory of the PVC market in this cycle was 360,000 tons, down 3.
23% from last week and 37.
93% higher than last year; East China decreased by 0.
38% from last week and increased by 38.
74% year-on-year; South China decreased by 10.
38% month-on-month and increased by 35.
71%
year-on-year from last week.

Spot market: affected by the price increase of PVC manufacturers and surrounding markets, the price of Qilu Chemical City was raised, calcium carbide type 5 increased by 20 yuan / ton, the quotation was 7120-7140 yuan / ton, the price of ethylene Qilu was raised by 60-80 yuan / ton compared with the morning, and the price of S1000 was 7200 yuan / ton
.
The PVC market in Shanghai is stable, Tianye 5 type 7200 yuan / ton, ethylene Dagu Qilu material 1000 model delivered at 7300-7400 yuan / ton
.

Warehouse receipt inventory: The exchange warehouse receipt reported 420 lots, which is in the historical low area, +180 lots
within the day.
Main positions: The top 20 long positions in the main contract are 180249 lots +10440 lots, short positions are 191089 lots, +6382 lots, and net long positions are -10840 lots, +4058 lots
.

Summary: Safety production inspection upgrades, equipment maintenance increases, and spot prices are firm to support PVC prices
.
However, downstream demand is general, and social inventory higher than last year's level has a certain suppression
of prices.
Technically, PVC1909 fluctuated at a high level, the trading volume decreased significantly, and the position increased significantly
.
The main position shows that the strength of long positions is greater than that of short positions, and the bulls have the advantage
.
On the indicator, MACD edged slightly higher, red bar elongated, KDJ indicator high flat, indicating that the bulls still have a slight advantage
.
In terms of operation, investors can reduce their holdings when they rush high, and regain them after they return
.