PVC main force opened high to the upside It is expected that the price will rebound

News: In September 2019, the output of domestic PVC manufacturers was 1.
6173 million tons, an increase of 1.
66% from August and a decrease of 0.
02% year-on-year; Among them, the output of calcium carbide method enterprises was 1.
3928 million tons, ethylene method was 224,500 tons, calcium carbide production increased month-on-month and year-on-year, and ethylene production decreased month-on-month and
year-on-year.
From January to September, PVC production accumulated 14.
2718 million tons, an increase of 0.
98%
over the same period last year.
(excluding three domestic samples)

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 750 US dollars / ton, +30 US dollars, and CFR Southeast Asia is 780 US dollars / ton, +30
.

Spot market: The PVC spot market is trading calmly
.
The mainstream price of SG-5 type spot market in East China is 6680 yuan / ton, 0; the mainstream price of SG-5 in South China market is 6750 yuan / ton, 0
.

Warehouse receipt inventory: exchange warehouse receipts reported 6430 lots, +0 lots within the day, in the historical high area
.
Main position: The top 20 long positions in the main contract are 123678 lots, -2452 lots, short positions are 113148 lots, -2652 lots, and the net position is 10530 lots, which is a net increase
.

Summary: In the second half of the National Day, the environmental protection production restriction policy was lifted one after another, the pressure of calcium carbide transportation was eased, the upstream start procurement may be improved, and the increase in production led to an increase in polyvinyl chloride inventory, but the increase in maintenance enterprises this week eased the accumulation phenomenon during the holiday
.
There is little change in the downstream, and some enterprises still maintain the habit
of low inventory stocking.
The V2001 contract opened higher to the upside, and the KDJ indicator formed a golden cross at the intersection of the oversold zone, and the price is expected to have a technical rebound trend
.
If demand does not improve, it is expected to remain broadly volatile
in the medium to long term.
Operationally, you can try to take a short position around 6420 and stop loss 6390
.