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On Wednesday, the PVC V2009 contract reduced its position intraday, and the futures price was sorted out at a high level, closing at 6700 on the day, +60 yuan from the previous trading day; Volume 136887 lots, open position 131879 lots, -10861, basis -50
.
News: PVC maintenance capacity in January and July was 5.
6 million tons, a sharp decrease of 6.
98% from 6.
02 million tons in June and a sharp decrease of 35.
26%
from last year.
Some enterprises are still overhauled in August, and the maintenance scale is expected to be 4.
43 million tons
in August.
2.
The impact of limited electricity restrictions in the Umong area, the domestic calcium carbide supply is insufficient
.
The calcium carbide market price has been raised
.
After entering August, due to the maintenance of PVC equipment in the first half of the year, the price of calcium carbide is expected to be stable, but after entering the second half of the year, with the reduction of equipment maintenance, the calcium carbide market is expected to continue to tighten, and calcium carbide prices are expected to continue to rise
.
Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6680 yuan / ton, +60
.
Warehouse receipt inventory: 427 warehouse receipts, +0
.
Main positions: Top 20 long positions 83538, -3081; short positions 91298, -4206
.
Reduced
headroom.
Summary: The Umon area is limited by electricity restrictions and insufficient supply
.
The price of calcium carbide in the domestic calcium carbide market has increased
.
The upstream leading manufacturers Wuhai Chemical, Inner Mongolia Junzheng, Shaanxi Beiyuan, and Xinjiang Zhongtai plan maintenance in August, and it is expected that the market supply will be reduced, and the pressure on the supply side will not be large
.
Imports rose sharply in June and domestic supply increased
.
In terms of demand, in June, the apparent demand for PVC continued to rise year-on-year, and was higher than the same period last year, indicating that downstream rigid demand is still there
.
Social inventories continued to fall, indicating that PVC downstream demand recovered well, supporting 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.