PVC main force rushed back down, the market transaction is weak

News: Formosa's PVC and vinyl chloride plants in Texas were scheduled to be overhauled in February, and it is reported that its PVC and 753,000-ton vinyl chloride plants with an annual output of 798,000 tons are scheduled to be overhauled for one month
.
Japanese producer Taiyo is expected to start a two-month overhaul from March to the end of April 2020, involving a capacity of 304,000 tons
.

Spot market: Qilu Chemical City market PVC market narrow finishing
.
The quotation of calcium carbide type 5 is 7030 yuan / ton (Xinfa does not include tax 6580 yuan / ton), the price of ethylene material Qilu S700 includes tax 7320 yuan / ton, and the price of S1000 is 7040 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts report 0 lots, intraday -0 lots
.

Main position: The top 20 long positions in the main contract are 141173 lots, +5758 lots, short positions are 127821 lots, -1149 lots, and the net position is 13352 lots, a net increase
.

Summary: The autumn centralized maintenance of upstream production enterprises has basically ended, the upstream operating rate has gradually increased, the market arrival has also begun to increase, the production of PVC in December will increase steadily, and the downstream demand in winter will gradually decrease, the market transaction is weak, the willingness of downstream enterprises to take goods at a high level is weakened, and it is expected to limit the increase of PVC to a certain extent
.
In terms of operation, it is recommended that investors can settle their hands on high orders and drop their bags
.