PVC volatility went higher, and the position volume rebounded significantly

News: On July 20, the price of vinyl chloride in Asia rose by $5/ton
.
China's VCM market is relatively firm this week, with downstream PVC prices rising
.
This week, CFR China PVC price is at $945/ton, the price is up $5/ton, and the August quotation is at CFR China's $960/ton
.
The current price difference between PVC and VCM is $245/ton
.

Upstream price: naphtha CF Japan reported 629.
12 US dollars / ton, up 1.
21%; FOB Singapore was trading at $69.
13 a barrel, up 1.
10%.

ethylene CFR Northeast Asia 1400 US dollars / ton, down 10 US dollars; CFR Southeast Asia was trading at $1270 / ton, down $
10.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR Southeast Asia was flat at $940; CFR China was flat at $945; North China calcium carbide law reported 6830 yuan / ton, flat; ethylene law reported 7,000 yuan / ton, flat; East China calcium carbide method reported 6880 yuan / ton, down 20 yuan, ethylene method 7150, flat; South China calcium carbide method 6950 yuan, flat, ethylene method 7150 yuan, flat
.

The PVC1809 contract fluctuated higher, and the position recovered significantly
.
Fundamentally, the peak period of the device maintenance period has formed a certain support for the futures price, but the escalation of the Sino-US trade war has suppressed it to a certain extent
.

Technical indicators, MACD median flat, KDJ indicator median volatility
.
At present, there is pressure on the futures price, and there is support below, and it is expected to maintain the pattern of range shock in
the short term.
Investors can trade
in the range between 6850 and 7000.