PVC futures prices are higher, and prices are expected to fluctuate strongly in the short term

News: According to China Chlor-alkali Network, the 300,000-ton caustic soda and 400,000-ton polyvinyl chloride projects of Huayi Qinzhou Chemical New Material Integration Base were approved
.
The project content is 300,000 tons/year caustic soda plant, 400,000 tons/year vinyl chloride plant and 400,000 tons/year polyvinyl chloride plant, and the corresponding supporting construction
.
Among them, the 300,000 tons/year caustic soda plant uses saline solution as raw material, and the 400,000 tons/year vinyl chloride plant (building 2 VCM production lines) uses ethylene, chlorine and pure oxygen as raw materials; The 400,000 tons/year polyvinyl chloride plant (construction of two PVC production lines) uses vinyl chloride as raw material
.

Upstream raw material market: calcium carbide market quotation remained stable, the mainstream price in Northwest China was 3175 yuan / ton, and the mainstream price in North China and Shandong was 3315 yuan / ton
.

Spot market: the mainstream price of SG-5 type in the PVC spot market in East China is 6770 yuan / ton, -10; the mainstream price of SG-5 in South China is 6880 yuan / ton, and the price is stable
.

Warehouse receipt inventory: exchange warehouse receipt reported 2000 lots, intraday +0 lots
.
Main position: the top 20 long positions in the main contract are 98925 lots, +5261 lots, short positions are 87385 lots, +7999 lots, and the net position is 11540 lots, net long and increased
.

Summary: The average operating rate of PVC enterprises remained at a high level
.
And due to the impact of environmental protection re-inspection, the operating rate of pipes, profiles and film products of enterprises has been reduced, and many enterprises still maintain just need to purchase, and the pressure of supply and demand in the short term still suppresses
prices.
However, due to the approaching National Day, the stricter transportation and environmental protection security checks, calcium carbide prices are expected to rise, which in turn will give PVC a certain cost support, and with the entry of the "Golden Nine Silver Ten" traditional peak season, downstream demand is expected to increase, which may have some support
for far month contracts.
V2001 contract price volatility higher, hourly moving average system upward, expected price strong volatility, it is recommended to be light short around 6610, stop loss 6560
.