PVC main narrow finishing prices have weakened

News: Dongying New Materials (Jinling) Company's 600,000 tons/year caustic soda plant is planned from November 10 to 30, the government's energy conservation and emission reduction tasks, shutdown and maintenance, good for the Shandong caustic soda market
.

Spot market: Qilu Chemical City market continued to stabilize, calcium carbide 5 type quotation at 6660 yuan / ton (Xinfa excluding tax 6230, Tianye excluding tax 6210 yuan / ton), ethylene Qilu material price S700 quotation excluding tax 6560 yuan / ton, S1000 quotation excluding tax 6410 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 2153 lots, intraday -400 lots, in the historical high area
.
Main position: The top 20 long positions in the main contract are 121145 lots, -589 lots, short positions are 104656 lots, +904 lots, and the net position is 16489 lots, net long is reduced
.

Summary: The PVC spot market is well supplied, the social inventory is still higher than the same period of previous years, and the pressure on calcium carbide transportation has eased, the market supply is sufficient, and the price has weakened
.
The cost support for PVC weakened, Taiwan lowered its November shipping schedule quotation, and on October 30, China canceled anti-dumping to the United States, Japan, South Korea and Taiwan, all of which were bearish for PVC
.
However, the recent accident in Inner Mongolia Sanlian Chemical is expected to lead to production suspension to PVC, PVC downstream products imports decreased, exports increased also supported prices
.
Short-term PVC may have the requirement of rebound, operationally, it is recommended that investors can set a take profit in their hands and hold
it cautiously.