PVC opened low and fluctuated, and prices closed in a narrow range

News: 1.
As of August 2019, the total import volume of PVC products in China was 2835.
87 tons, a decrease of 697.
47 tons, a decrease of 19.
74%, and a year-on-year decrease of 1913.
1 tons, a decrease of 40.
28%.

The export volume reported 409100.
7 tons, a decrease of 41705.
32 tons, or 9.
25%, and an increase of 72839 tons, or 21.
66&%,
year-on-year.
From January to August 2019, China's cumulative imports of PVC products were 29,874.
29 tons, down 417.
03 tons year-on-year, and 1.
38%, and the cumulative export was 2804310 tons, up 563,397.
9 tons, or 19.
29%.

China's PVC products exports continue to maintain a steady upward pattern
.

2.
According to Longzhong Data reported on September 30: the operating rate of PVC production enterprises last week was 79.
21%, a decrease of 1.
94% from last week and a decrease of 1.
21% from last year; Among them, the calcium carbide method started decreased by 0.
81% month-on-month and increased by 1.
39% year-on-year; The ethylene method decreased by 7.
37% month-on-month and 13.
67%
year-on-year.

Spot market: The quotation of PVC market in Hebei has not changed much
.
Funds on futures continued to close positions, corporate prices remained stable, merchant prices basically did not change, and market offers decreased
.
Downstream enterprises have limited production due to environmental protection, and most of the replenishment has been completed, and the market operation is flat
.
Market reference quotation: 5 types of material excluding tax 6180-6300 yuan / ton delivery, including tax 6620-6730 yuan / ton delivery, slightly higher and slightly lower offer is also available
.

Warehouse receipt inventory: The exchange warehouse receipt reported 6530 lots, -0 lots within the day, which is in the historical high area
.
Main position: The top 20 long positions in the main contract are 120548 lots, -7654 lots, short positions are 109531 lots, -5287 lots, and the net position is 11017 lots, net long decrease
.

Summary: Approaching the holiday, road security inspection is strengthened, calcium carbide transportation is cautious, or it forms a certain support
for costs.
During the week, the operating rate of PVC enterprises declined, social inventory continued to decline, and the current inventory pressure was acceptable
.
Affected by the weather, the operating load of some enterprises decreased slightly, and the supply side slightly supported
the price.
However, near the National Day, affected by the notice of restricted production in the Beijing-Tianjin-Hebei region in the downstream, it is expected that it will be difficult to start construction, and the enthusiasm for raw material procurement is general, mostly based on rigid procurement, and the demand is weak
.
The main contract of V2001 opened low and fluctuated, closing in a narrow range
.
The future market focuses on whether the pressure of the 6500 yuan line can be broken, and the support
around 6400 is below.
In terms of operation, the long holiday is approaching, and it is recommended that investors take short positions for the holiday
.