PVC narrow finishing trend has weakened

News: Xinjiang Tianye began to take a rotational break on the 7th, Qingsong Jianhua began to stop for maintenance on the 12th, and Xinjiang Zhongtai Shengxiong factory planned to stop for maintenance until the end of the month on the 15th; Huojiagou postponed the resumption of driving, and Lutai, Ordos, Yili and Jintai have maintenance plans
in May.
Hebei Shenghua, Yidong Dongxing, Yangmei Xiyang, Yunnan Nanphos, Yanhu Haina, Salt Lake Magnesium Industry ethylene method, Sanlian part of the plant stops
.

Spot market: Qilu Chemical City PVC market weak fall, intraday quotation reduced by 30-60 yuan / ton, calcium carbide method 5 type material price is about 5640 yuan / ton, ethylene method S1000 price is 5800 yuan / ton, S700 price is 5850 yuan / ton, the transaction situation is general
.

Warehouse receipt inventory: exchange warehouse receipts reported 2462 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 140018 lots, -78 lots, short positions are 144164 lots, +3584 lots, net positions are -4146 lots, net short increases
.

Summary: There seem to be signs of easing the overseas epidemic, and there are expectations of deregulation in many countries, which is conducive to the recovery
of market confidence due to the revival of demand recovery expectations.
In the industrial chain, the domestic PVC social inventory has decreased, and it is expected that after entering May, PVC downstream demand is expected to recover
.
In terms of raw materials, domestic calcium carbide prices continued to fall, but the decline narrowed from last week, while Asian ethylene and vinyl chloride prices rebounded
.
These factors support prices
.
However, the technical trend has weakened, indicating that the pressure above is still large, and operationally, investors can reduce their holdings at high prices and drop their pockets
.