PVC fell slightly The market transaction situation is average

News: The cumulative output of domestic calcium carbide in March was 2.
314 million tons, an increase of 2.
4%
year-on-year.
As of March, the cumulative output was 6.
639 million tons, down 2.
5%
from last year.
From January to February 2020, China's calcium carbide imports were 0 tons
.
The export volume of general trade accounts for 11,000 tons
.

Spot market: Qilu Chemical City PVC market weak operation, intraday price reduced by 30-100 yuan / ton, calcium carbide method 5 type material price is about 5400 yuan / ton, ethylene method S1000 price is 5570 yuan / ton, S700 price is 5670 yuan / ton, the transaction situation is general
.

Warehouse receipt inventory: exchange warehouse receipt reported 162 lots, +0 lots
within the day.
Main position: the top 20 long positions in the main contract are 136651 lots, -2280 lots, short positions are 131651 lots, -5706 lots, and the net position is 5000 lots, which is a net increase
.

Summary: At present, the epidemic in Europe and the United States has not yet peaked, and the IMF also lowered its global GDP growth forecast this week, from the previous 3.
3% to -3%, affected by this, the market is worried that crude oil demand has fallen sharply, and the market is seriously oversupplied, which has suppressed market confidence
.
In the industrial chain, Asian spot prices continued to fall, and domestic PVC social inventories decreased, but the overall pattern of reduced production enterprises and rising regional warehouses showed that the goods were not digested
.
The operating rate of downstream demand enterprises is still lower than the same period last year
.
Both vinyl chloride and domestic calcium carbide prices in Asia continued to weaken, and these factors suppressed
prices to a certain extent.
Operationally, it is recommended that investors hold short orders with caution
.