Downstream demand expected to pick up PVC contracts rose slightly

News: On Wednesday, the Asian market price adjustment, CFR China at 640 US dollars / ton, CFR Southeast Asia at 640 US dollars / ton, both up $10, CFR India at 660 US dollars / ton, unchanged
from last week.
FAS Houston rose $10 to $580 and FOB Northwest Europe traded at $680, unchanged
from last week.

Spot market: Qilu Chemical City PVC market sideways, calcium carbide method 5 type material price is about 5640 yuan / ton, ethylene method S1000 price is 5780 yuan / ton, S700 price is 5850 yuan / ton, the transaction situation is general
.

Warehouse receipt inventory: exchange warehouse receipts reported 2462 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 141259 lots, +1241 lots, short positions are 142560 lots, -1604 lots, and net positions are -1301 lots, net space is reduced
.

Summary: There seem to be signs of easing the overseas epidemic, and there are expectations of deregulation in many countries, which is conducive to the recovery
of market confidence due to the revival of demand recovery expectations.
In the industrial chain, the domestic PVC social inventory has decreased, and it is expected that after entering May, PVC downstream demand is expected to recover
.
In terms of raw materials, domestic calcium carbide prices continued to fall, but the decline narrowed from last week, while Asian ethylene and vinyl chloride prices rebounded
.
These factors support prices
.
However, the technical trend has weakened, indicating that the pressure above is still large, and operationally, investors can reduce their holdings at high prices and drop their pockets
.