PVC main contract shock operation cost support weakened

News: According to China Chlor-Alkali Network, Zhejiang Petrochemical's 1.
4 million tons/year ethylene project has been tested for propulsion equipment
.
At present, the project department has completed the single-machine commissioning task of 76 sets of ethylene equipment, and the commissioning of the compressor unit is in full swing
.

Upstream raw material market: the mainstream price of calcium carbide market in the northwest region is 3075 yuan / ton, and the price is stable; The mainstream price in North China and Shandong is 3215 yuan / ton, -75
.
The price of CFR Far East in the Asian VCM market is 660 US dollars / ton, and CFR Southeast Asia is 690 US dollars / ton
.

Spot market: PVC SG-5 East China spot market rose 10 yuan / ton, the mainstream price is 6800 yuan / ton, +10; the South China market price is stable, SG-5 mainstream price is 6880 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 2000 lots, intraday +0 lots
.
Main position: The top 20 long positions in the main contract are 115243 lots, +6821 lots, short positions are 107218 lots, +7896 lots, and the net position is 8025 lots, net long and double.

Summary: Upstream calcium carbide prices continue to decline, and cost support weakens
.
PVC social inventory declined, but affected by the tightening of environmental protection policies, downstream construction has not changed much, many enterprises continue to maintain just need procurement, driving price upward action is insufficient
.
V2001 contract volatility operation, star line closed, above focus on pressure around 6740, below focus on support around 6610, the price is expected to be range-bound
.
It is recommended to trade
in the 6610-6740 range.