PVC rebounded slightly Range trading is appropriate

News: Vinyl chloride Asia price sheet 60 US dollars, CFR Northeast Asia at 601 US dollars / ton, CFR Southeast Asia at 646 US dollars / ton
.
European prices rose $10 to $340 a tonne, while the U.
S.
market was flat

Spot market: Hebei market quotation is stable, the current Hebei area 5 material delivery price of 6270-6350 yuan / ton, Inner Mongolia source of goods including tax self-raised price of 6100-6150 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 677 lots, today - 39 lots
.

Main position: the top 20 long positions in the main contract are 153112 lots, -5701 lots, short positions are 132775 lots, -585 lots, and the net position is 20337 lots, net long decrease
.

As the overseas epidemic has eased, the deregulation of many countries has boosted market confidence, and the extension of production cuts by major oil-producing countries has supported
the market.
Fundamentally, crude oil fluctuated at a high level, and the price of vinyl chloride in Asia rebounded
.
The maintenance of domestic production enterprises continued, and the pre-sales situation was better
.
On the demand side, in April, the domestic real estate market rebounded slightly, while the infrastructure industry also boosted the demand for
PVC to a certain extent.
The decline in PVC operating rate, the continued decline in social inventory month-on-month, and Formosa Plastics' increase in July quotations all supported
the price of PVC.
However, downstream enterprises are more cautious about PVC procurement and maintain the focus on just-in-demand procurement
.
The future market focuses on whether the support of the lower moving average is strong
.