PVC main force strong finishing does not have continuous large rush power

In terms of news: Anhui Huasu, Suzhou Huasu, Tianjin LG, Qilu Petrochemical, Gansu Yinguang, Inner Mongolia Yili and other equipment maintenance ended to increase the starting load
.
The operating rate of PVC production enterprises this week was 81.
78%, 6.
26%
month-on-month.
According to the maintenance situation of enterprises learned by Longzhong, there is no large-scale centralized maintenance in the later stage, and it is expected that the operating rate of enterprises will remain at the level of around 80%, and there will be new production capacity launched this year, and the overall supply is bound to grow
.

Spot market: The domestic PVC plastic market is poorly traded
.
Afternoon futures continued to be low, and market merchants mainly quoted at the low end
.
Downstream enterprises just need to accept orders, and high-end transactions are not smooth
.
At present, the mainstream of type 5 in East China is 6650-6800 yuan / ton, the mainstream of type 5 in South China is 6780-6920 yuan / ton, and the mainstream of type 5 in Hebei is 6700-6800 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 9199 lots, -4 lots, in the historical high area
.
Main position: The top 20 long positions in the main contract are 139825 lots, +1523 lots, short positions are 114054 lots, -1675 lots, and the net position is 25771 lots, net long decrease
.

Summary: Since entering September, affected by the peak of production equipment maintenance, the market supply has decreased, and the social inventory of PVC has continued to decline
.
This supports the price of PVC to a certain extent
.
However, the Saudi oil field attack that promoted this round of market has turned around, and Saudi Energy Minister Abdel-Aziz bin Salman announced to the outside world on the evening of the 17th local time that Saudi oil supply has returned to the level
before the attack on oil facilities.
As a result, international crude oil fell sharply, which in turn drove the chemical sector to fall
sharply.
At present, the downstream demand for PVC is still relatively sluggish
.
Domestic real estate development investment has been at a high since April, and the growth rate has fallen
for four consecutive months from May to August.
From January to August, real estate development investment increased by 10.
5% year-on-year, down 0.
1 percentage points from the previous value, indicating that PVC downstream demand recovered slowly
.
In addition, the spot market traded calmly and prices rose
slightly.
Downstream goods increased slightly, and the transaction atmosphere was mild
.
However, affected by the environmental protection and production restriction policy in the Beijing-Tianjin-Hebei region, it is expected that it will be difficult to improve in the short term, and the demand will have limited price pull
.
At present, PVC is entangled in long and air, and does not have the power
to continuously rush high.
Operationally, it is recommended that investors wait and see for the time being
.