Demand is difficult to boost PVC prices are weak and volatile

News: On August 27, chlor-alkali chemical industry issued an announcement on the evening that the company's subsidiary Guangxi Huayi Chlor-alkali Chemical Co.
, Ltd.
plans to invest in the construction of 300,000 tons/year caustic soda and 400,000 tons/year polyvinyl chloride projects
in Guangxi Qinzhou Petrochemical Industrial Park.

Upstream raw material market: the mainstream price of calcium carbide market in northwest China is 3000 yuan / ton, -25; the mainstream price in North China and Shandong is 3115 yuan / ton, -50
.
The price of CFR Far East in the Asian VCM market is 720 US dollars / ton, 0; CFR Southeast Asia is 750 US dollars / ton, 0
.

Spot market: the mainstream price of PVC SG-5 type East China spot market is 6690 yuan / ton, 0; the mainstream price of SG-5 in South China market is 6820 yuan / ton, -10
.

Warehouse receipt inventory: exchange warehouse receipt reported 3560 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 110772 lots, +2435 lots, short positions are 94746 lots, +2002 lots, and net positions are 16026 lots, net long increases
.

Summary: Domestic calcium carbide prices have been lowered, and cost support has weakened
.
PVC spot market quotations are high, and the transaction is average
.
East China PVC inventories declined, but still 89.
6%
higher than last year.
Downstream merchants continue to need to purchase, which is one of the reasons for the slow destocking of
PVC.
And affected by the notice of production restrictions in the Beijing-Tianjin-Hebei region, it is difficult for downstream enterprises to improve in the short term, and the overall demand is still weak
.
V2001 contract black line closed, the price broke through the 6430 line of support, MACD green column elongation, expected price weak shock, below pay attention to the support near 6380 points, it is recommended that the short order in the hand can be held
cautiously.