Market supply has increased PVC futures prices have fallen slightly

News: 1.
The overall supply of calcium carbide market is tight
.
Century Ferroalloy plant discontinued
.
Two Baiyan Lake overhauls and is expected to be restored
by the end of May.
Ito Togyi overhauled a calcium carbide device
.
Shaanxi Shenmu Energy took a turn off a calcium carbide device on April 13, and plans to take 60 days
.
In addition, the irregular time limit of electricity in Inner Mongolia will also affect calcium carbide production
.
2.
In the last cycle (as of May 6), the total outbound volume of 24 PVC manufacturers decreased by 6.
09% compared with last week, mainly due to the May Day holiday, which affected transportation, resulting in a decrease
in sample outbound data.
The total output of the 24 production enterprises increased by 5.
69% compared with last week, mainly due to the impact of
sea-level starts.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9430 yuan / ton, -20
.

Warehouse receipt inventory: 6627 warehouse receipts, +840 receipts
.
Main positions: Top 20 long positions 298997, -11518, short positions 273763, -13110
.
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, export expectations are expected to increase, and Taiwan's June quotation of cargo is likely to be
lowered.
Domestic downstream demand is acceptable, but due to the current PVC price in the high area, the profit margin of product enterprises has been seriously compressed, the terminal will continue to maintain just need to purchase, it is rumored that some manufacturers began to reduce production and stop production
.
In the first week after the holiday, PVC social inventory increased month-on-month, indicating an increase
in market supply.
In terms of operation, it is recommended that investors reduce their holdings at high prices and drop their pockets
.