PVC main shock lower to maintain range consolidation

News: According to China Chlor-Alkali Network reports, Qilu Petrochemical Chlor-Alkali Plant overcame high temperature weather, the hourly consumption of ethylene reached 16.
36 tons / hour, the production of ion membrane caustic soda 18,307 tons, polyvinyl chloride 19,713 tons, exceeding the monthly task
.

Upstream raw material market: the mainstream price of calcium carbide market in the northwest region is 3125 yuan / ton, and the mainstream price in Shandong in North China is 3290 yuan / ton, -25
.
The price of the Asian VCM market is stable, with the CFR Far East price at $660/mt and CFR Southeast Asia at $690/mt

Spot market: The transaction volume of PVC spot market is flat, and the price remains stable overall, the mainstream price of SG-5 type in East China is 6770 yuan / ton, and the mainstream price of SG-5 in South China is 6880 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 2000 lots, intraday +0 lots
.
Main position: The top 20 long positions in the main contract are 100356 lots, +1479 lots, short positions are 89489 lots, +2980 lots, and net positions are 10867 lots, net long and increased
.

Summary: The operating rate of PVC enterprises has decreased from last week, and the social inventory continues to decline, but with the gradual start of maintenance enterprises, it is expected that the number of operating unions will increase; There is no significant improvement in the downstream operating rate, merchants are mainly based on just-needed procurement, and order follow-up is slow
.
Fundamentals drive insufficient upward price momentum
.
V2001 contract price volatility closed down, MACD red column contraction, it is expected that the price center of gravity will move up and maintain range volatility, the upper focus on the pressure around 6750, the lower focus on the support around 6600, it is recommended to reduce the position in the hand
.