Enterprises accumulated inventory obviously, and PVC prices fell slightly

In terms of news, as of February 15, Asian VCM prices remained stable
.
CFR Far East is trading at $725/mt and CFR Southeast Asia is trading at $740/mt
.
The plant equipment has entered the centralized maintenance season, which has driven the expectation
of tight spot supply.
It is reported that the Toho No.
3 vinyl chloride plant in Nanyang, Japan, is scheduled to be shut down for maintenance
from May 13 to June 30.
March PVC schedule quotations are expected to be released next week, with most markets believing it could rise, given the tight
supply of vinyl chloride.
South Korea's exports rose 125.
1% to 6,764 tonnes in January, up 200.
5%
from last year.

In the spot market, the PVC market in Qilu Chemical City fell slightly, and some prices fell significantly
.
The mainstream price of calcium carbide type 5 is 6420-6470 yuan / ton (including tax self-pickup), and the source price of ethylene Qilu is 6670-6820 yuan / ton
.
The market price of PVC in Guangzhou was reduced by 50 yuan / ton, the mainstream price of calcium carbide five-type material was 6500-6630 yuan / ton, and the ethylene material Dagu 1000 type was 7000 yuan / ton
.

Warehouse receipt inventory, exchange warehouse receipts reported 131 lots, -0; in the historical low area, stable
during the day.
Main position: The top 20 long positions in the main contract are 117555, +10992, short positions are 102623, +9193, and net long positions are 14932, +1799.

Summary: PVC1905 fell back in shock, and the trading volume and position volume increased
significantly.
Fundamentally, during the long holiday, the accumulation of inventory by production enterprises is obvious, and just after the long holiday, the sluggish demand for PVC has produced a certain suppression of the price, but the crude oil rebound, and the spot price trend is stable to form a certain support
for the price.