PVC futures prices are weak and the market is not active

Futures market: as of 10.
26, the main force of PVC closed at 5754 yuan / ton, down 1.
08% from the previous month; Top 20 main long positions: 497984 (+1200), short positions: 563147 (+3406), net short positions: 65163 (+1453).

Spot and enterprise dynamics: as of 10.
26, East China (calcium carbide method) quotation: 6010 yuan / ton (0); South China (calcium carbide method) quotation: 6090 yuan / ton (0); The 400,000-ton PVC unit of Baotou sea level chlor-alkali plant started about 90%, maintaining pre-sale, and the factory quotation of type 5 calcium carbide was 5,800 yuan / ton, and the actual single part was slightly negotiated; Heilongjiang Haohua PVC 300,000 tons/year plant operating load is slightly low
.
The factory price of type 5 calcium carbide in the province is temporarily stable, and the execution quotation is 6050 yuan / ton, and the current exchange rate is 50 yuan / ton
.

Basis: As of 10.
26, South China basis +63; East China basis +63; basis slightly strengthened
.

Upstream raw materials: as of 10.
26, North China calcium carbide quotation was 4300 yuan / ton, no change from the previous day's price; Shaanxi Lanchar quoted 1576 yuan / ton, no change
from the previous day's price.

Affected by macro and PVC fundamentals, the price of PVC futures fell further at the end of the day
.
Calcium carbide at the raw material end increased in some regions due to the epidemic, but the overall calcium carbide quotation remained stable
.
The comprehensive profit of chlor-alkali was weaker than the previous period, but it was not enough to affect the market supply, and the decline in PVC prices did not drive downstream procurement intentions
.
Participants mostly waited and watched
.
Affected by high inventory and low demand, the 01 contract is likely to be in a "surplus" state
.