PVC intraday shrinkage and position reduction, futures price rushed back down

News: 1.
Domestic PVC imports in August 2020 were 120,000 tons, an increase of 147.
42% year-on-year and a decrease of 28.
14%
from last month.
From January to August, the total domestic PVC imports were 789,200 tons, an increase of 70.
16%
over last year.
In August 2020, the domestic PVC export volume was 30,000 tons, a decrease of 20.
84% year-on-year and 23.
08%
month-on-month.
From January to August, the total domestic PVC exports were 315,300 tons, down 15.
64%
from last year.
2.
Last week, the domestic PVC social inventory decreased by 6.
40% month-on-month, an increase of 19.
62% year-on-year, as far as East China was concerned, it decreased by 3.
45% month-on-month and increased by 31.
98% year-on-year, and South China decreased by 28.
13% month-on-month and decreased by 37.
84%
year-on-year.
East China stocks are 227,000 tons, South China 23,000 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6750 yuan / ton, +90
.

Warehouse receipt inventory: 3452 warehouse receipts, -360 sheets
.
Main positions: Top 20 long positions 136996, -1481, short positions 133244, -3878
.
Net increase
.

Summary: At present, the price trend of overseas PVC is firm, and last week's domestic PVC social inventory continued to fall month-on-month, indicating that the pressure on the supply side is not large, but after entering the end of September, PVC has a new device and a production plan, and it is expected that the later supply will gradually increase to form a certain suppression
of prices.
Operationally, it is recommended that investors can take short
positions lightly on the rebound.