PVC opens high and goes low, and the center of gravity of the market is more likely to shift down

News: PVC social inventory last week decreased by 4.
83% month-on-month, an increase of 23.
95% year-on-year, in East China, it decreased by 4.
02% month-on-month and increased by 46.
49% year-on-year, and South China decreased by 8.
65% month-on-month and 29.
58%
year-on-year.
East China stocks are 167,000 tons, South China 33,800 tons
.

Spot market: The PVC market in Hangzhou is still not
good.
The futures market is still falling, and the market merchants are not in a good
mood.
Downstream orders are against high prices, and market transactions are at a low level
.
The mainstream reference of calcium carbide type 5 is 6560-6620 yuan / ton self-pickup
.
Point price source, Yihua, Tianhu, Zhongyan main contract plate +240/250, Zhongtai, Beiyuan V01 plus 270, Yushe and Erong part V05 plate plus 350, Tianye / Tianchen V05 plate +400/410, Tianye 3/8 V05 plate +700/720
.

Warehouse receipt inventory: Exchange warehouse receipts reported 5730 lots, intraday -200 lots, in the historical high area
.
Main position: the top 20 long positions in the main contract are 125360 lots, -526 lots, short positions are 108330 lots, -1564 lots, and the net position is 15992 lots, net long decrease
.

Summary: The recent trend of international crude oil has weakened, and with the end of the long holiday, environmental protection production restriction policy has been lifted one after another, production enterprises have started to rise steadily, production has increased, PVC spot market supply is sufficient, over time, the planned maintenance of the device is also less and less, in the later stage, only Xinfa and Shenma have maintenance plan, and in the later stage, there are three sets of Dezhou, Zhongtai, Jinniu three sets of equipment planned to be put into production, 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 maintains a weak shock and the center of gravity is more likely to move down, and the support
around 6250 is focused below.