Market supply is still increasing PVC main weak finishing

News: Last week, the profit of calcium carbide PVC in East China increased by 40 yuan / ton compared with the previous week, the cost of ethylene process was the same as the previous week, unchanged, and the profit of ethylene method decreased by 200 yuan / ton
.

Spot market: Guangzhou PVC market weak sorting, calcium carbide 5 mainstream price 6150-6200 yuan / ton, the transaction center of gravity downward
.
Dagu 700 type 6580 yuan / ton
.
Shantou area, salt lake / sky lake 6180 yuan / ton, real negotiation
.

Warehouse receipt inventory: exchange warehouse receipts reported 4680 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 139987 lots, -1004 lots, short positions are 130621 lots, -63 lots, and the net position is 9336 lots, net long decrease
.

Summary: Although the introduction of domestic stimulus policies has weakened market panic, the initial control of the epidemic has also eased market worries
.
However, the operating rate of PVC manufacturers has rebounded, and the market supply is still increasing, although PVC downstream product enterprises have begun to resume work
one after another.
However, local government approval is still strict, the resumption of work in many places is slow, and PVC social inventory remains high
.
Sluggish downstream demand is expected to dampen the rebound height
of PVC.
The market focuses on the pressure of the 6300 line, and operationally, it is recommended that investors hold short orders with a profit level of the 6300 line cautiously
.