PVC narrow finishing It is difficult to get out of the sharp rise pattern in the short term

In terms of news, Hanwha Ningbo plans to upgrade the installation between 17 and 19 years; Taiwan's Formosa Plastics Mailiao plant with an annual output of 494,000 tons is scheduled to be overhauled
from early September to mid-September.

Spot market: the PVC market in Changzhou area remains stable, all parties wait and see, the point price is more in 30-40, the mainstream of 5 type materials is 6780-6880 yuan / ton, Yihua 6810 yuan / ton, Jintai 6830 yuan / ton, China salt 6870 yuan / ton, Tianye 6880 yuan / ton, Zhongtai 6850 yuan / ton, ethylene method 1000 type Jiangsu market mainstream delivery price is about 6900-7100 yuan / ton, real order negotiation
.

Warehouse receipt inventory: Exchange warehouse receipts reported 2000 lots, in the historical median area, +0 lots
today.

Main positions: The top 20 long positions in the main contract are 126136 lots -2441 lots, short positions are 130887 lots, +194 lots, and net long positions are -4751 lots and -2635 lots
.

Summary: The slight decline in social inventory and the peak period of equipment maintenance have produced certain support
for PVC prices.
However, the downstream demand is general, and the light transaction in the spot market has put certain pressure
on the price.
At present, most PVC production enterprises have basically completed maintenance, and the market supply is sufficient, but the orders of downstream enterprises have decreased, enterprises have started work at low loads, and the procurement of raw materials is also more cautious, generally maintaining rigid procurement
.
Therefore, it is difficult for PVC to get out of the pattern of sharp rise in the short term, and operationally, it is recommended that investors continue to focus on range-bound strategies
.