PVC contracts reduced their positions during the session and the futures price rebounded slightly

News: 1.
In June 2020, domestic vinyl chloride imports were 82,700 tons, of which 71,200 tons were imported for general trade, of which 30,800 tons were imported by Taiwan Province, 35,900 tons were imported by Japan, 7,000 tons were imported by the United States, and 09,000 tons were imported by South Korea.

2.
The export price of vinyl chloride in the United States this week was at $550/ton FOB USG, up $25 from the previous week, and the price of vinyl chloride monomer in the United States was 46 cents / pound, unchanged
from the previous week.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6500 yuan / ton, -80
.

Warehouse receipt inventory: 427 warehouse receipts, +0
.
Main positions: the top 20 long positions 57962, -6413, short positions 53578, -6039
.
Net excess decrease
.

Summary: The upstream leading manufacturers Wuhai Chemical, Inner Mongolia Junzheng, Shaanxi Beiyuan, and Xinjiang Zhongtai plan maintenance in August, and it is expected that the market supply will be reduced, and the pressure on the supply side will not be large
.
Imports rose sharply in June and domestic supply increased
.
In terms of demand, PVC social inventory continued to fall, indicating that PVC downstream demand is still good, which supports the price of PVC
.
But after a period of rebound, there are certain technical adjustment requirements
for the short term.
In terms of operation, it is recommended that investors can reduce their holdings in batches at high prices, and put their pockets in peace
.