PVC main force low opening shock is expected to still have downside in the short term

In terms of news: Qingsong Jianhua postponed the resumption at the end of the month, Xinjiang Yihua maintenance to the 18th, Yinglite 5 maintenance to the 22nd, Henan Lianchuang maintenance to the 20th, Taishan Salinization maintenance to the 17th, Shandong Bay rotation rest, Ordos minor repair for three days from the 16th, Shandong Xinfa Phase II maintenance to the end of the month on the 18th, Huasu plans to overhaul the year for one month
from October 20.
Qilu Petrochemical postponed the 23-day maintenance, Henan Shenma, Tangshan Sanyou and other planned maintenance in October; Xinjiang Zhongtai Shengxiong technical transformation minor repair, Xinjiang Tianye plan to take a rotational rest
in the second half of the year.
Shandong Dongyue, Hanwha Ningbo, Baotou sea level (originally delayed at the end of October) November maintenance
.
Anhui Huasu's new 160,000-ton device has been delayed in commissioning, the new Zhongtai 200,000-ton ontology method is scheduled to be tested on the 22nd, and Hebei Julong Chemical is scheduled to test the 230,000-ton unit at the end of the month
.

Upstream raw material market: the mainstream price of calcium carbide market in the northwest region is 3075 yuan / ton, 0; the mainstream price in Shandong in North China is 3295 yuan / ton, 0
.
The Asian VCM market CFR Far East price is 750 US dollars / ton, 0; CFR Southeast Asia is 780 US dollars / ton, 0
.

Spot market: The PVC spot market is trading calmly
.
The mainstream price of SG-5 type East China spot market is 6640 yuan / ton, -40; the mainstream price of SG-5 in South China market is 6750 yuan / ton, 0
.

Warehouse receipt inventory: Exchange warehouse receipts reported 5930 lots, +0 lots within the day, in the historical high area
.
Main position: The top 20 long positions in the main contract are 125701 lots, +1356 lots, short positions are 109514 lots, -1584 lots, and the net position is 16187 lots, net long increases
.

Summary: In October, there were many PVC maintenance enterprises, and the overall pressure of the upstream plant was limited
.
Market quotations remained stable, the center of gravity of transactions remained at the low end, and terminal inquiries were poor
.
As the weather gradually turns cold, downstream pipes and profiles gradually enter the off-season of consumption, and the start of some downstream enterprises in North China may be restricted, terminal demand will weaken significantly, and demand in East and South China may be barely maintained
.
At present, most downstream enterprises say that it is difficult for PVC to rise in the market, and they are not in a hurry to stock up, and the pace of bargain procurement will not change
.
V2001 main contract low open running, the end of the small white line closed, MACD green column elongation, it is expected that there is still room for downside in the short term, the price remains weak and volatile, below focus on the support around 6250, it is recommended that short orders in hand can be held
cautiously.