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On Tuesday, the PVC V2109 contract contracted and increased its position, and the futures price rebounded slightly, closing at 8690 yuan on the day, +50 yuan from the previous trading day; Volume 409165 lot, position 381335 lot, +4846, basis 560
.
News: 1.
According to Longzhong's understanding, the current pre-sales volume of domestic PVC upstream production enterprises (production capacity accounts for 55%) is 392,400 tons, an increase of 9.
09% (32,700 tons) month-on-month, and a year-on-year increase of 19.
63% (64,400 tons).
2.
The total inventory of PVC production enterprises (production capacity accounted for 80%) was 84,500 tons, a decrease of 8.
36% (07,700 tons) from the previous month and a year-on-year decrease of 65.
51% (160,600 tons).
The operating rate of production enterprises was 78.
95%, a decrease of 3.
33% month-on-month and a year-on-year increase of 7.
17%.
Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9250 yuan / ton, -50
.
Warehouse receipt inventory: 7671 warehouse receipts, -1126 sheets
.
Main positions: Top 20 long positions 274797, +567, short positions 236561, +2882
.
Net increase
.
Summary: India's epidemic is serious, demand is weakening, and due to the resumption of production of equipment suspended in the United States, overseas supply is expected to increase, and Taiwan's Formosa Plastics June quotation cargo quotation is likely to be
lowered.
Domestic: PVC operating rate fell slightly last week, and market supply decreased
.
Domestic PVC social inventories have decreased month-on-month, indicating that the current pressure on suppliers is not large
.
However, the operating rate of downstream enterprises is basically stable
.
Export delivery orders have slowed down, and product companies are resistant to the high price of PVC raw materials, and the enthusiasm for stocking is not high
.
However, the National Council twice talked about the issue of commodity prices, which triggered market expectations for price control and suppressed
prices to a certain extent.
The V2109 contract rebounded slightly during the day, and the market focused on whether the pressure on the 8780 line could be broken
.
In terms of operation, it is recommended that investors can set the take profit in their hands and hold
them cautiously.