PVC main contract volatility decline, overall demand is still weak

News: 1.
As of August 26, the PVC inventory in East China was 237,000 tons, down 0.
42% from the previous month, but still 89.
6% higher than last year; South China's PVC inventory was 45,000 tons, an increase of 2.
27% month-on-month and a year-on-year decrease of 2.
17%.

2.
Sinochem New Network News Henan Provincial Emergency Management Department released information that as of the end of last week, in the province's "prevention of risks and hidden dangers to ensure safety and welcome Daqing" action, the province inspected a total of 221 hazardous chemical enterprises, issued 178 orders for rectification within a time limit, ordered 35 to stop production and business for rectification, and closed and banned 1
.

Upstream raw material market: the mainstream price of calcium carbide market in the northwest region is 3025 yuan / ton, 0; the mainstream price in Shandong in North China is 3165 yuan / ton, 0
.
The price of CFR Far East in the Asian VCM market is 720 US dollars / ton, 0; CFR Southeast Asia is 750 US dollars / ton, 0
.

Spot market: the mainstream price of polyvinyl chloride SG-5 type East China spot market is 6690 yuan / ton, 0; the mainstream price of SG-5 in South China market is 6830 yuan / ton, 0
.

Warehouse receipt inventory: exchange warehouse receipts reported 3560 lots, +720 lots
within the day.
Main position: The top 20 long positions in the main contract are 110632 lots, +685 lots, short positions are 93938 lots, -1222 lots, and net positions are 16694 lots, net long increases
.

Summary: PVC spot market quotation is high, the transaction is average
.
East China PVC inventories declined, but still 89.
6%
higher than last year.
Downstream merchants continue to need to purchase, which is one of the reasons for the slow destocking of
PVC.
And affected by the notice of production restrictions in the Beijing-Tianjin-Hebei region, it is difficult for downstream enterprises to improve in the short term, and the overall demand is still weak
.
PVC main contract futures price opened high, volatility fell, MACD green column elongation, below pay attention to the 6430 line of support, it is recommended to reduce the short order in the hand
.