PVC bottomed out and prices rose slightly

News: In April 2019, China imported a total of 56,000 tons of PVC, a decrease of 11,000 tons, or 16.
38%, and a year-on-year increase of 5,000 tons, an increase of 9.
8%.

From January to April 2019, China imported a total of 222,670 tons of PVC, down 35,700 tons or 13.
83%
from the same period last year.
In April 2019, PVC exports were 46,600 tons, down 22,900 tons, or 0.
21%, from the same period last year, down 24,400 tons, or 34.
37%.

From January to April, a total of 209,920 PVC was exported, a decrease of 98,759 tons or 31.
99%
over the same period last year.

Spot market: the price of calcium carbide type 5 in Qilu Chemical City was reduced by 30 yuan / ton, the quotation was 6870 yuan / ton, and the ethylene material Qilu S1000 was reduced by 40 yuan / ton, and the quotation was 6880 yuan / ton
.
The price of PVC market in Guangzhou was lowered, the price of calcium carbide five-type material was reduced by 20-30 yuan / ton, the mainstream price was 6900-7020 yuan / ton, and there was no quotation
for ethylene Dagu 1000 type.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 181047 lots -2850 lots, short positions are 169648 lots, -596 lots, net long positions are 11399 lots, -2254 lots
.

Summary: The high level of crude oil has fallen, the Sino-US trade war has intensified, and downstream demand has generally suppressed the price, but the increase in equipment maintenance and the decline in social inventory have produced certain support
for PVC prices.
Technically, PVC1909 has rebounded from the low, and the trading volume and position volume are basically the same
.
The main position shows that the strength of long position reduction is greater than that of short position, and the short side has the advantage
.