PVC main shock lower The overall operating rate of the market is still not high

News: Due to the rapid development of the epidemic, most regions of the world began to reduce procurement, according to downstream customer feedback, foreign trade orders in April fell significantly, non-medical products exports in April and May are expected to show a significant year-on-year reduction, concentrated in PVC soft products, flooring materials and other fields
.
Domestically, with the easing of policies, it is understood that the resumption of work in North China has accelerated this week, but orders have not yet increased intensively, and are expected to appear
at the end of the month and in April.

Spot market: Changzhou PVC market quotation atmosphere is insufficient, the market has no market, the price is more point price-based, the mainstream 05 contract +20 to 70, calcium carbide 5 type material mainstream quotation 5930-6150 yuan / ton, ethylene method area mainstream in 6300-6500 yuan / ton negotiation
.

Warehouse receipt inventory: exchange warehouse receipts reported 4330 lots, intraday - 190 lots
.
Main position: The top 20 long positions in the main contract are 100177 lots, -13534 lots, short positions are 83165 lots, -10371 lots, and the net position is 17012 lots, net long decrease
.

Summary: The accelerated spread of the overseas epidemic has caused concern, and the weak trend of crude oil has also hit market confidence
to a certain extent.
And the operating rate of PVC production enterprises has rebounded, and social inventory is still high, indicating that the market is still oversupplied
.
Formosa Plastics' reduction in PVC prices in April also suppressed
domestic prices to a certain extent.
Although most of the PVC downstream products enterprises have resumed work, the overall operating rate is still not high
.
These factors will suppress
the price of PVC.
Operationally, investors can set short orders in their hands to take profit and hold
them cautiously.