PVC opens low and goes low, tight supply or support prices

News: Ordos Phase II 200,000 tons of trial production is planned to be officially put into operation in April, Hebei Shenghua, Yidong Dongxing, Yangmei Xiyang, Yunnan Nanphos, Yanhu Haina, Salt Lake Magnesium Industry ethylene method, Sanlian part of the plant stopped
.
Gulf Chemical and Yangmei Hengtong plan to start maintenance
this weekend.

Spot market: Hebei market five-type material some brands quotation reduced by 20-30 yuan / ton, downstream enthusiasm is not high, the current Inner Mongolia 5 type material including tax price 6060-6140 yuan / ton to deliver, Inner Mongolia source of goods factory including tax self-raised price 5820-5900 yuan / ton, excluding tax self-raised price 5470-5520 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 4540 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 119432 lots, -3492 lots, short positions are 106976 lots, -4906 lots, and the net position is 12456 lots, net long increases
.

Summary: The accelerated spread of the overseas epidemic has caused concern, and the operating rate of PVC manufacturers has rebounded, and social inventories are still at a high level, indicating that the market is still oversupplied
.
However, with the passage of time, PVC downstream products enterprises began to resume work
one after another.
And due to the maintenance of many sets of equipment abroad, the supply of vinyl chloride in Asia is relatively tight, and the price is firm, which is expected to support the price of PVC
.
Operationally, investors can set short orders in their hands to take profit and hold
them cautiously.