The market is well supplied and PVC prices have weakened

News: Asian PVC market prices are stable, CFR China and CFR Southeast Asia are both at $835, unchanged from last week, and the US PVC market price is also stable, FAS Houston is trading at $
745.
PVC spot market prices in the northwest region have declined
.
FD was trading at 780 euros, down 5 euros from last week, and FD futures were trading at $1,007, down $11 from last week
.

Spot market: Qilu Chemical City market narrow adjustment, calcium carbide method 5 quotation at 6660 yuan / ton (Xinfa excluding tax 6230, Tianye excluding tax 6210 yuan / ton), ethylene Qilu price slightly increased by 20 yuan / ton, S700 quotation excluding tax 6580 yuan / ton, S1000 quotation excluding tax 6430 yuan / ton
.

。

Warehouse receipt inventory: the exchange warehouse receipt reported 2093 lots, intraday -60 lots, in the historical high area
.

Main position: The top 20 long positions in the main contract are 117416 lots, -4318 lots, short positions are 99550 lots, -4202 lots, and net positions are 17866 lots, net long decrease
.

Summary: The PVC spot market is well supplied, the social inventory is still higher than the same period of previous years, and the pressure on calcium carbide transportation has eased, the market supply is sufficient, and the price has weakened
.
The cost support for PVC weakened, Taiwan lowered its November shipping schedule quotation, and on October 30, China canceled anti-dumping to the United States, Japan, South Korea and Taiwan, all of which were bearish for PVC
.
However, the recent accident in Inner Mongolia Sanlian Chemical is expected to lead to production suspension to PVC, PVC downstream products imports decreased, exports increased also supported prices
.
It is expected that PVC will maintain a range-bound pattern in the short term, and operationally, it is recommended that investors wait and see for the time being
.