PVC main force rebounded slightly, it is recommended to wait and see for the time being

News: Taiwan's Formosa Plastics PVC quotation in December was lowered by $10/ton, at $860/ton CIF India, CIF China at $820/ton China's main port, $830/ton CFR South China port / Southeast Asia, FOB Taiwan at $800/ton
.
It is understood that the Indian market is sluggish, demand is poor, and prices have to be reduced; In the long-term expected off-season of the Chinese market, prices were slightly lowered simultaneously; This downward adjustment is bound to affect China's import and export market, and the import source price is further advantageous, while the export pressure is increasing, which is not conducive to exports
.

Spot market: Guangzhou PVC market 5 type supply is scarce, the forward quotation is concentrated in 6750-6870 yuan / ton spot exchange self-pickup, ethylene material 1000 size 7100 yuan / ton
.
Shantou Type 5 spot continued to rise by 50 yuan / ton, Junzheng Lao / Yili 6900 yuan / ton, real negotiation
.
PVC in Linyi market was affected by the price increase of surrounding PVC factories, and the transaction center of gravity has shifted
upward.
Type 5 material including tax reported 6710-6750 yuan / ton to be delivered, the price of the whole vehicle is slightly lower
.

Warehouse receipt inventory: Exchange warehouse receipts reported 22 lots, intraday -680 lots, in the historical low area
.

Main position: The top 20 long positions in the main contract are 118315 lots, -998 lots, short positions are 104222 lots, +2125 lots, and the net position is 14093 lots, net long decrease
.

Summary: Taiwan lowered the December shipping schedule quotation, on October 30, China canceled anti-dumping to the United States, Japan, South Korea and Taiwan, the equipment maintenance gradually decreased, PVC production enterprises operating rate reported 76.
27%, an increase of 1.
94% from last week, these factors are bearish PVC
.
However, China and the United States are expected to cancel tariffs in phases, and the speed of PVC destocking accelerated last week, and inventories decreased by 12.
79%
month-on-month.
In addition, the decrease in imports of PVC downstream products and the increase in exports also supported prices
.
It is expected that PVC will maintain a range-bound pattern in the short term, and the market will pay attention to whether the pressure of the 6580 line can be broken
.
Operationally, it is recommended that investors wait and see for the time being
.