PVC main force closed in a narrow range, and prices are expected to continue the rebound trend

News: PVC social inventory this week fell by 3.
55% month-on-month and was 58.
14% higher year-on-year; East China decreased by 2.
11% month-on-month and 84.
13% higher than last year; South China decreased by 11.
11% month-on-month and 13.
04%
year-on-year.

Upstream raw material market: the mainstream price of calcium carbide market in northwest China is 3000 yuan / ton, 0; the mainstream price in Shandong in North China is 3090 yuan / ton, -25
.
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 6660 yuan / ton, +10; the mainstream price of SG-5 in South China market is 6760 yuan / ton, 0
.

Warehouse receipt inventory: exchange warehouse receipts reported 4620 lots, +480 lots intraday, in the historical high area
.
Main position: The top 20 long positions in the main contract are 125421 lots, +5188 lots, short positions are 106641 lots, +4384 lots, and the net position is 18780 lots, which is a net increase
.

Summary: The operating rate of polyvinyl chloride enterprises has declined, the maintenance loss has increased, Formosa Plastics Ningbo and Qingsong Jianhua have maintenance plans in September, and it is expected that the maintenance scale will expand and the supply will tighten
.
PVC social inventory declined, but still 58.
14% higher than last year, traders to warehouse slowly, downstream merchants to use as they go, wait-and-see sentiment heavy, and affected by the Beijing-Tianjin-Hebei production restriction notice, the short-term downstream enterprises are expected to be difficult to improve, the overall demand is limited
.
The V2001 contract closed in a narrow range, MACD green column contracted, focusing on pressure around 6540 above, and support around 6400 below, and the price is expected to continue the rebound trend
.