PVC volatility rises, short-term trend repeated

News: PVC social inventory increased this week, an increase of 4.
32% from last week, 53.
17% higher than last year, of which East China increased by 4.
87% month-on-month and 62.
33% higher than last year; South China increased by 2.
67% month-on-month and 30.
51%
higher than last year.

Spot market: PVC market in Shanghai driven by the rise in futures, some prices slightly adjusted, calcium carbide five-type material mainstream quotation 6800-6880 yuan / ton, Tianye 5 type 6880 yuan / ton, Zhongtai 6850 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7000-7100 yuan / ton for negotiation, East China ethylene method enterprise price in 7050-7150 yuan / ton delivery
.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 152807 lots -108 lots, short positions are 167979 lots, +7518 lots, and net long positions are -15172 lots, -7626 lots
.

Summary: The easing of Sino-US relations, the recovery of prices in the Asian market, and the peak period of equipment maintenance have produced certain support
for PVC prices.
Technically, the PVC1909 contract fluctuated higher, the price returned to above the short-term moving average, and the short-term trend was repeated
.
MACD edged higher and the red column flattened
.
The KDJ indicator oscillates at a high level, indicating that the long-short forces are balanced
.
In terms of operation, investors are advised to hold
long positions with caution.