PVC rebounded slightly and continued to be range-bound

In terms of news, the domestic caustic soda market continues to be stable, and the current caustic soda market trading atmosphere is relatively light, and the downstream is mainly wait-and-see
.
In terms of liquid chlorine, some downstream purchases in North China have decreased, and market prices have shown a certain downward trend, while the market in other parts of China is relatively stable
.

Spot market, the price of PVC market in Hangzhou area was raised by about 20 yuan / ton, calcium carbide method 5 type 6770-6900 yuan / ton self-pickup, Sanlian 6790 yuan / ton, Jinyu yuan 6850 yuan / ton, Yihua 6870 yuan / ton, Yushe / Jintai 6870 yuan / ton, Zhongtai 6880 yuan / ton, Beiyuan 6870 yuan / ton, Beiyuan 7 6920 yuan / ton, Beiyuan 8 7020 yuan / ton, Tianye 6900 yuan / ton, Tianye 8 type 7020 yuan / ton, Tianhu 8 6970 yuan / ton, Real negotiation
.

Warehouse receipt inventory: the exchange warehouse receipt reported 2000 lots, which is in the historical median area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 115124 lots -4835 lots, short positions are 123709 lots, -1749 lots, and net long positions are -8585 lots, -3086 lots
.

Summary: The Inner Mongolia Emergency Management Department began to carry out overt investigation and covert visits to key areas and key hazardous chemical enterprises in 12 league cities in the region
.
Increased safety production inspections may reduce the operating rate of production enterprises
.
On July 19, 2019, the Indian Ministry of Finance announced a general reduction of 50% in the anti-dumping duty rate on PVC imports from China, which is expected to increase the export volume
of PVC.
In addition, calcium carbide supply was tight and prices were firm, while social inventories of PVC continued to decline
month-on-month.
These factors support the price of PVC
.
However, it is still in the off-season of PVC demand, and the downstream demand is generally light in the spot market, which puts certain pressure
on the price of PVC.
Next week, most PVC production enterprises have basically completed maintenance, the market supply is sufficient, while downstream enterprise orders are reduced, enterprises start work at low load, and at the same time the procurement of raw materials is more cautious, generally maintaining just purchases
.
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
.