PVC contracts shrink and increase positions, and futures prices rebound

News: 1.
The PVC market in Qilu Chemical City continues to fall, and the difficulty of local main sales shipments has increased, and some merchants are eager to ship, making real profits
.
The price of intraday traders was narrowly reduced, the mainstream price of calcium carbide 5 type material was about 8150-8200 yuan / ton, the price of Qilu material S1000 was 8250 yuan / ton, and the price of S700 was 8540 yuan / ton
.
2.
Under the high pressure of environmental protection policy, some blue charcoal plants in Shenfu area plan to reduce production, about 35%-50%, at present, only some manufacturers have reduced production due to poor raw coal transportation, and the actual implementation of production reduction remains to be seen
.
As soon as the production restriction policy came out, some manufacturers offered to rise, and the downstream of Inner Mongolia did not respond to the increase
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8250 yuan / ton, -200
.

Warehouse receipt inventory: 4141 warehouse receipts, +400 receipts
.
Main positions: Top 20 long positions 224465, +6559, short positions 206450, +4086
.
Net increase
.

Summary: PVC prices in Asia remain firm, and the strong trend of domestic calcium carbide prices supports PVC prices
.
However, after entering December, PVC inventories have accumulated for two consecutive weeks, and the supply-demand relationship may change
in the later period as the weather turns cold, downstream enterprises stop work and the 1.
2 million tons of new production and resumed production capacity gradually increase the load.
At present, the price of PVC is at a historical high, resulting in obvious downstream losses, with the end of old orders, new orders reduce orders, or even do not accept orders, resulting in later demand or will decrease
.
In anticipation of increased supply and reduced demand, PVC is expected to have certain pullback requirements
.
In operation, investors can set the take profit for short orders in their hands and hold
them cautiously.