PVC intraday drawdown and increase in futures price in a narrow range

News: In January and September, Gansu Yinguang, Inner Mongolia Yihua, Wuhai Chemical a total of 820,000 tons are under maintenance, it is expected that after a week, the operating rate will recover, the planned maintenance of 400,000 tons of PVC units at sea level in the middle of the year, the impact is not large, and in September, nearly 1.
5 million tons of PVC units were released with new capacity, and the overall supply pressure of PVC is expected to rise
sharply.
2.
The 300,000-ton plant in Inner Mongolia Yihua is stopped for maintenance 10 days in advance, and it is expected to be stopped for 7 days, and it is not ruled out that it will be delayed to 10 days
.
At the end of August, most maintenance companies have recovered, and the 300,000-ton plant maintenance itself has little impact on market increments
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6650 yuan / ton, +0
.
Warehouse receipt inventory: 539 warehouse receipts, +0
.

Main positions: Top 20 long positions 142252, +9348, short positions 160839, +6064
.
Reduced
headroom.

Summary: The increase in PVC prices in Asia has supported the domestic market
.
In September, many installations still have maintenance plans, and Inner Mongolia Yihua stopped production due to accidents, and the pressure on the supply side was not great
.
On the demand side, the decline in PVC social inventory slowed down, but it was still lower than the same period last year, indicating that PVC downstream demand was still good, which supported the price of PVC
.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.