PVC fell slightly and continued to be range-bound

In terms of news, after the "7.
19" major explosion accident of Yima Gasification Plant of Henan Provincial Gas (Group) Co.
, Ltd.
, the whole province of Henan took action to quickly carry out the investigation of potential safety hazards and related work of hazardous chemical production enterprises, and resolutely prevent and curb the occurrence
of various serious accidents.

In the spot market, the price of PVC market in Hebei was slightly reduced
.
Downstream product enterprises are obviously wait-and-see, and the market transaction is weak
.
The price of Type 5 material including tax is delivered at 6690-6790 yuan / ton, and some lower and higher prices have also been heard
.
Yili 5 type factory factory 6550 yuan / ton including tax, Oriental Hope 5 type factory 6480 yuan / ton including tax, Inner Mongolia Sanlian 5 type 6440 yuan / ton including tax, Inner Mongolia Yihua 5 type factory 6500 yuan / ton
including tax.

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 111163 lots +1118 lots, short positions are 112648 lots, -355 lots, and net long positions are -1485 lots, +1473 lots
.

Summary: The Inner Mongolia Emergency Management Department began to carry out overt investigation and covert visits to key areas and key hazardous chemical enterprises in 12 league cities in the region
.
Increased safety production inspections may reduce the operating rate of production enterprises
.
On July 19, 2019, the Indian Ministry of Finance announced a general reduction of 50% in the anti-dumping duty rate on PVC imports from China, which is expected to increase the export volume
of PVC.
In addition, calcium carbide supply was tight and prices were firm, while social inventories of PVC continued to decline
month-on-month.
These factors support the price of PVC
.
However, the Asian, European and American markets PVC have declined, and it is still in the off-season of PVC demand, and the light transaction of downstream demand in the general spot market has put certain pressure
on the price of PVC.
Next week, most PVC production enterprises have basically completed maintenance, the market supply is sufficient, while downstream enterprise orders are reduced, enterprises start work at low load, and at the same time the procurement of raw materials is more cautious, generally maintaining just purchases
.
Therefore, it is difficult for PVC to get out of the pattern of sharp rise in the short term, and operationally, it is recommended that investors continue to focus on range-bound strategies
.