PVC main force low opening shock market demand is weak

News: 1.
In August 2019, the export of vinyl chloride polymer flooring materials was 374,200 tons, and the general trade export was 350,600 tons, of which the United States exported 227,700 tons
.

2.
Affected by the recent environmental protection and calcium carbide transportation, the production load of some enterprises in PVC North China and Shandong has been slightly adjusted; Dagu, LG, and Qilu reduced the load by 30%, and Dongyue and Sanyou slightly reduced the load; Yushe stopped 1 line for other reasons; Qinghai Yihua resumed driving
after overhaul.

Upstream raw material market: the mainstream price of calcium carbide market in northwest China is 3100 yuan / ton, 0; the mainstream price in North China and Shandong is 3295 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 PVC spot market is trading calmly
.
The mainstream price of SG-5 type East China spot market is 6720 yuan / ton, 0; the mainstream price of SG-5 in South China market is 6780 yuan / ton, -20
.

Warehouse receipt inventory: exchange warehouse receipts reported 6534 lots, intraday -2000 lots, in the historical high area
.

Main position: The top 20 long positions in the main contract are 133899 lots, -415 lots, short positions are 117190 lots, +2264 lots, and the net position is 16709 lots, net long decrease
.

Summary: Approaching the holiday, road security inspection is strengthened, calcium carbide transportation is cautious, or it forms a certain support
for costs.
This week, the operating rate of PVC enterprises has declined, social inventory continues to decline, and the current inventory pressure is acceptable
.
Affected by the weather, the operating load of some enterprises decreased slightly, and the supply side slightly supported
the price.
However, near the National Day, affected by the notice of restricted production in the Beijing-Tianjin-Hebei region in the downstream, it is expected that it will be difficult to start construction, and the enthusiasm for raw material procurement is general, mostly based on rigid procurement, and the demand is weak
.
The main contract of V2001 opened low and fluctuated, closing in a narrow range
.
Price is moving between the middle and lower Bollinger bands, the MACD green bar is elongated, price action is expected to remain weak, continue to focus on support around 6340 below, and pressure
around 6490 above.