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The PVCV2009 contract opened high and volatile on Thursday, closing at 5355 yuan / ton, +115 yuan from the previous trading day; Volume 222731 lots, -72155 lots; Position 198522 lots, -6817 lots, basis -15 yuan, -70 yuan; 5-9 spreads 40 yuan, -15 yuan
.
News: This week, the price of US export PVC fell $60/ton from the previous week to $550/ton FAS Houston, falling to an 11-year low
.
U.
S.
producers have begun to reduce operating rates
.
Last week, some Chinese PVC producers demanded the resumption of anti-dumping duties on U.
S
.
-origin PVC, only months after China lifted anti-dumping duties on the United States, Japan, South Korea and Taiwan Province.
The current government has not yet launched an investigation, and the process may take several months
.
Spot market: Qilu Chemical City PVC market weak operation, intraday price reduced by 20-50 yuan / ton, calcium carbide method 5 type material price is about 5380 yuan / ton, ethylene method S1000 price is 5520 yuan / ton, S700 price is 5620 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 129791 lots, -6860 lots, short positions are 133423 lots, +1772 lots, net positions are -3632 lots, net long turn net short
.
Summary: At present, the epidemic situation in Europe and the United States has not yet peaked, and the IMF has also lowered its global GDP growth forecast to -3%, which has put pressure
on market confidence.
However, the impact of the market's rise in expectations of OPEC+ expansion of production cuts and renewed tensions between the United States and Iran, the impact of the recovery of market confidence, and the recovery of crude oil low and recovery
.
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.
In terms of operation, it is recommended that investors can set the take profit in their hands and hold
them cautiously.
