PVC contracts reduced their positions, and the futures price rushed back down

News: 1.
In October 2020, the import of PVC was 51,400 tons, the general trade was 14,800 tons, the import processing was 35,000 tons, and the average general trade price was 825 US dollars / ton; The import sources are Taiwan Province 18,300 tons, the United States 17,200 tons, Japan, India and the Philippines and other regions
.
2.
In October 2020, the export volume of PVC was 96,400 tons, the general trade export was 73,200 tons, and the main export places were 14,200 tons in Bangladesh, 11,800 tons in India, Vietnam, Malaysia, Brazil, etc
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8200 yuan / ton, +0
.

Warehouse receipt inventory: 950 warehouse receipts, -39 sheets
.
Main positions: Top 20 long positions 164430, +1380, short positions 176255, -3068
.
Reduced
headroom.

Summary: In December, PVC has new installations and production plans, and the company's maintenance equipment has decreased, and the market supply is expected to increase
.
However, affected by the maintenance and temporary shutdown of equipment in Europe, the United States and South Korea, the supply of PVC in Europe, the United States and Asia has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, domestic calcium carbide prices continue to rise, and domestic PVC social inventory has decreased month-on-month, these factors have supported the price
.
But after continuous increases, short-term prices have been at a high level
.
In terms of operation, investors have a lot of high positions in their hands to reduce their holdings and drop their pockets for safety
.