The operating rate has rebounded, and the PVC main contract has opened high

News: Upstream PVC manufacturers, inventory reduction is the top priority, in order to reduce sales pressure, some customers to adopt preferential prices, orders increased
.
However, due to the general recovery of the downstream, the operating load of the resumption of production enterprises is low, and some downstream orders are not picked up, resulting in the pressure of upstream enterprises to leave the warehouse.

Spot market: Qilu Chemical City PVC market narrow adjustment, calcium carbide method stable operation, ethylene material slightly increased by 40 yuan / ton
.
The price of calcium carbide type 5 is 6100 yuan / ton, the price of ethylene Qilu S1000 is 6170 yuan / ton, and the price of S700 is 6270 yuan / ton.

Warehouse receipt inventory: exchange warehouse receipt reported 4540 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 134945 lots, +592 lots, short positions are 123286 lots, +5349 lots, and net positions are 11659 lots, net long decrease
.

Summary: The accelerated spread of the overseas epidemic has caused concern, and the operating rate of PVC manufacturers has rebounded, and social inventories are still at a high level, indicating that the market is still oversupplied
.
However, with the passage of time, PVC downstream products enterprises began to resume work
one after another.
And due to the maintenance of many sets of equipment abroad, the supply of vinyl chloride in Asia is relatively biased, and the price is firm, which is expected to support the price of PVC
.
Operationally, investors do not chase long in the short term, but when they fall back, they can gradually buy long orders of 2009 contracts at low prices
.