PVC rose slightly and trading volume rose sharply

News: According to statistics, the delivery volume of PVC contracts in May this year is more than 38,000 tons, which has reached a high point in nearly 5 years, which fully shows that this year's hedging/arbitrage participation has increased, and this part of the locked volume is difficult to quickly circulate the market, which is also one of
the reasons for the high social inventory this year.

Spot market: PVC market futures in Fujian rebounded, the price of type five was raised by 20 yuan / ton, the quotation of calcium carbide type five material: Sanlian 6990 yuan / ton, Oriental 7050 yuan / ton, Yili 7120 yuan / ton, Xinfa 7050 yuan / ton
.
The PVC market in Shanghai is supported by futures, the market is optimistic, the spot price is slightly raised, the mainstream quotation of calcium carbide five-type material is 6900-7000 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7100-7150 yuan / ton for negotiation, East China ethylene method enterprise price in 7050-7350 yuan / ton delivery
.

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 179108 lots -1348 lots, short positions are 1727869 lots, +519 lots, and net long positions are 6239 lots, -1867 lots
.

Summary: The high level of crude oil has fallen, the Sino-US trade war has intensified, and downstream demand has generally suppressed the price, but the increase in equipment maintenance and the decline in social inventory have produced certain support
for PVC prices.
Technically, PVC1909 fell back to the high, the trading volume rose sharply, and the position volume decreased
.
The main position shows that the long position is reduced, the short position is increased, and the short side is dominant
.