PVC intraday volume reduction position futures price wide volatility

News: 1.
As of the end of last week, domestic PVC social inventory increased by 0.
00% month-on-month, down 5.
32% year-on-year, in East China, it increased by 0.
00% month-on-month and decreased by 7.
59% year-on-year, and South China increased by 0.
00% month-on-month and 6.
67%
year-on-year.
East China stocks are 219,000 tons, South China 48,000 tons
.
2.
In 2020, most of the production in the downstream field of PVC will be affected by the epidemic at home and abroad, especially the general poor mentality of enterprises involved in exports
.
However, domestic demand is well supported
by stable investment in infrastructure.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6630 yuan / ton, +0
.

Warehouse receipt inventory: 427 warehouse receipts, +0
.
Main positions: Top 20 long positions 124890, -1585, short positions 139243, +1326
.
Increased
headroom.

Summary: The increase in PVC prices in Asia has supported the domestic market
.
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
.
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.