PVC strong oversold rebound short-term recommended to go long on dips

In terms of news: the maintenance plan of the 380,000 tons/year PVC plant in Yibin, Sichuan was postponed to early May, and the quotation around the calcium carbide 5 type material in Sichuan was about 5,800 yuan / ton, and the real transaction was negotiated
.

In terms of prices: Japan naphtha CF Japan reported 464.
25 yuan / ton, up 2.
63; naphtha FOB Singapore reported 50.
85 US dollars / barrel, up 0.
27
.
ethylene CFR Northeast Asia 1205 US dollars / ton, flat; CFR Southeast Asia was flat at $1,060/mt
.

Spot market: The price of some domestic PVC spot markets is mixed
.
North China calcium carbide law reported 5620 yuan / ton, flat; ethylene law reported 6300 yuan / ton, up 190; East China calcium carbide law reported 5570 yuan / ton, flat
.
South China calcium carbide law reported 5630, down 30, ethylene method 6070 tons, down 110
.
The price of raw materials was basically flat, with East China reporting 2950 yuan, flat, and Northwest reported 2550 yuan, flat
.

PVC market inventory pressure is large, downstream enterprises need to receive goods, traders are not confident in the market after the market, mainly selling, is expected to maintain a low and wide range of shocks in the short term
.
Technically, the PVC1709 contract closed sharply higher, the upper test of the pressure around 5800, the lower test of the five-day line near the support, the KDJ indicator turned upward, the futures price strong oversold rebound, pay attention to the upper pressure level, short-term can fall back to build more
.