PVC rushed back down The market transaction situation is average

News: PVC social inventory this week decreased by 7.
64% month-on-month, an increase of 17.
55% year-on-year, for East China, it decreased by 5.
90% month-on-month and increased by 8.
51% year-on-year, and South China decreased by 11.
11% month-on-month and increased by 42.
86%
year-on-year.
The inventory in East China is 255,000 tons, and South China is 120,000 tons
.

Spot market: the price of PVC market in Qilu Chemical City is stable, the price of calcium carbide 5 type material is about 6020 yuan / ton, the price of ethylene method S1000 is 6070 yuan / ton, the price of S700 is 6220 yuan / ton, and the transaction situation is general
.

Warehouse receipt inventory: exchange warehouse receipts reported 1524 lots, intraday -429 lots
.
Main position: The top 20 long positions in the main contract are 153668 lots, +6049 lots, short positions are 140807 lots, +3562 lots, and the net position is 12861 lots, a net long increase
.

Summary: The overseas epidemic has eased, the deregulation of many countries has boosted market confidence, and the voluntary reduction of production by major oil-producing countries has also supported
the market.
Fundamentally, supply pressures have eased
this week.
Inventories of production companies fell by 4.
25% month-on-month, but were still higher than the same period last year
.
Demand: At present, pipeline enterprises have more production orders, while profile companies are weak, and export foreign trade enterprises say that demand should increase
after the resumption of work abroad.
These factors are expected to support
prices.
Operationally, it is recommended that investors continue to hold
long positions cautiously.