PVC main upward weakness The market continues to oversupply pattern

News: International VCM prices are mixed
.
The price of vinyl chloride monomer in Asia fell by $10/mt this week, CFR Far East $730/mt, CFR Southeast Asia $760/mt
.
The VCM market price in northwest Europe was quoted at $650 and the VCM market price in the United States was quoted at $595, both of which remained stable
.

Spot market: Hebei market price narrow downward range, the reduction range is about 20 yuan / ton, the price of type 5 material including tax is 6430-6480 yuan / ton, and the factory pick-up price of Inner Mongolia source is 6220-6250 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 5130 lots, intraday -200 lots, in the historical high area
.

Main position: the top 20 long positions in the main contract are 120327 lots, -1251 lots, short positions are 104733 lots, -3201 lots, and the net position is 15594 lots, net long increases
.

With the end of the long holiday, the environmental protection production restriction policy has been lifted one after another, the production enterprises have started to rise steadily, the output has increased, the PVC spot market is fully supplied, and as time goes by, the planned maintenance of the device is becoming less and less, only Xinfa and Shenma have maintenance plans in the later stage, and in the later stage, there are three sets of Dezhou, Zhongtai and Jinniu planned to be put into production, and it is expected that the market will continue the pattern
of oversupply.
In addition, the pressure on calcium carbide transportation has eased, the market supply is sufficient, and the price has weakened
.
The cost support effect on PVC is weakened
.
After the expiration of anti-dumping, whether China's anti-dumping against the United States, Japan, South Korea and Taiwan will continue is also a worrying factor
for the market.
And Taiwan lowered its November shipping schedule, these factors are bearish PVC, and it is expected that PVC rebound space will be limited
in the short term.
The future market will pay attention to whether the pressure on the 6390 line can be broken
.
Operationally, it is recommended that investors hold short orders with caution
.