PVC fell slightly The market was mostly sluggish

News: The PVC market in Asia is mostly sluggish, India, Malaysia and the Philippines have extended lockdowns, Indonesia's concerns about the epidemic have also increased the market's worries, Vietnam is currently one of the few countries other than China that currently
has some PVC demand.

Spot market: Qilu Chemical City PVC market weak operation, intraday price down 20-50 yuan / ton, calcium carbide method 5 type material price is about 5500 yuan / ton, ethylene method S1000 price is 5630 yuan / ton, S700 price is 5700 yuan / ton, the transaction situation is general
.

Warehouse receipt inventory: exchange warehouse receipt reported 162 lots, +0 lots
within the day.
Main position: the top 20 long positions in the main contract are 138931 lots, +3241 lots, short positions are 137357 lots, -2917 lots, net positions are 1574 lots, net short to net long
.

Summary: Global central banks have continued the strategy of quantitative easing, which has provided some positive support to economic and market confidence, but the boost effect has been limited
.
The OPEC+ joint production reduction agreement failed to exert a strong positive effect this week, the market questioned that the scale of production cuts may not cover the scale of the demand recession, the current epidemic in Europe and the United States has not yet reached the peak, the IMF also lowered the global GDP growth forecast this week, from the previous 3.
3% to -3%, these factors have weighed on
market confidence.
In the industrial chain, Asian spot prices continued to fall, and domestic PVC social inventories decreased, but the overall pattern of reduced production enterprises and rising regional warehouses showed that the goods were not digested
.
The operating rate of downstream demand enterprises is still lower than the same period last year
.
Both vinyl chloride and domestic calcium carbide prices in Asia continued to weaken, and these factors suppressed
prices to a certain extent.