PVC futures price narrow finishing Upper pressure remains

News: In January and April, PVC imports were 22,400 tons, down 31.
25% month-on-month, general trade was 05,200 tons, and incoming input processing was 17,200 tons
.
PVC exports in April were 247,100 tons, up 7.
8% month-on-month, and general trade was 201,000 tons, mainly exported to India, Bangladesh and Vietnam
.
2.
Longzhong data statistics show that as of May 23, the domestic PVC social inventory was 184,000 tons, down 10.
55% month-on-month and 50.
93% year-on-year; Among them, East China was 134,000 tons, down 9.
15% month-on-month and 47.
45% year-on-year; South China was 50,000 tons, down 14.
09% month-on-month and 58.
33%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9300 yuan / ton, -150
.

Warehouse receipt inventory: 8797 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 269170, +2596; short positions 233679, -5726
.
Net increase
.

Summary: India's epidemic is serious, demand is weakening, and due to the resumption of production of equipment suspended in the United States, overseas supply is expected to increase, and Taiwan's Formosa Plastics June quotation cargo quotation is likely to be
lowered.
Domestic: PVC operating rate fell slightly last week, and market supply decreased
.
The operating rate of downstream enterprises is basically stable
.
However, export delivery orders have slowed down, and product companies are resistant to the high price of PVC raw materials, and the enthusiasm for stocking is not high
.
Last week, domestic PVC social inventories decreased month-on-month, indicating that there is not much
pressure on suppliers at present.
However, the National Council twice talked about the issue of commodity prices, which triggered market expectations for price control and suppressed
prices to a certain extent.
The V2109 contract fluctuated in a narrow range during the day, and the upside pressure remained
.