The market supply is sufficient, and the main force of PVC fluctuates higher

News: PVC downstream products enterprises started a slight decline this week, hard products started down significantly, soft products overall relatively stable
.
In terms of product enterprises, raw material PVC still maintains low inventory, and large enterprises maintain inventory for about one month; Small and medium-sized enterprises are mostly on the spot and have low inventories
.

Spot market: Qilu Chemical City market price narrow adjustment, calcium carbide 5 type quotation at 6660 yuan / ton (Xinfa excluding tax 6230, Tianye excluding tax 6210 yuan / ton), ethylene Qilu material price S700 quotation excluding tax 6550 yuan / ton, S1000 quotation excluding tax 6400 yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 3119 lots, intraday -700 lots, in the historical high area
.

Main position: The top 20 long positions in the main contract are 122542 lots, +5298 lots, short positions are 100779 lots, +2690 lots, and the net position is 21763 lots, a net increase
.

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
.
Short-term PVC may have the requirement of rebound, operationally, it is recommended that investors can set a take profit in their hands and hold
it cautiously.