PVC increases positions to the upside Focus on the upward pressure

News: Jiyuan Fangsheng, Shanxi Yushe, Dezhou Shihua, Inner Mongolia Yidong Dongxing and other nearly 2.
9 million tons of production capacity equipment are scheduled to enter spring maintenance
from April to May.

Spot market: PVCSG-5 spot market is basically stable, the market quotation is in the range of 6710-6950 yuan / ton, and the quotation of ethylene method is in the range of 6850-7050 yuan / ton
.
The ex-factory price is basically unchanged, the ex-factory price in the northwest region is in the range of 6150-6900 yuan / ton, and in other regions is in the range of 6700-6850 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 159384 lots, 11775 lots, short positions are 165222 lots, 8395 lots, and net long positions are -5838 lots
.

Fundamentally, the inventory of production enterprises remains high, and the sluggish downstream demand for PVC has caused a certain suppression
of prices.
However, the strong trend of crude oil has provided some support to prices, and after entering April, downstream demand is expected to accelerate recovery and spring equipment maintenance or price support
.
Technically, PVC1909 short-term intraday increase to the upside, the upper focus on the pressure around 6950-7000, the lower focus on the support
around 6700.
Operationally, it is recommended that investors sell high and sell low in the range
.