PVC futures price weak shock Upper pressure is still there

News: 1.
Despite the weak demand, due to force majeure, many overseas enterprises have encountered production problems, market supply has decreased, and the price of overseas PVC has slowed down
.
2.
Wuhai area has an indefinite time limit for electricity to continue, the supply is contracting, and Inner Mongolia Shuangxin Chemical and Ordos calcium carbide equipment are planned for maintenance, foreign sales are reduced, the current shipment is smooth, and the mainstream factory price is 4100 yuan / ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -50
.

Warehouse receipt inventory: 5441 warehouse receipts, -100 sheets
.
Main positions: Top 20 long positions 265030, +6037, short positions 224226, +3888
.
Net increase
.

Summary: Increased overseas supply and Taiwan's Formosa Plastics cut its June cargo quotation to suppress
Asian market prices.
Domestic: PVC operating rate rose slightly this week, and market supply increased
.
Last week, domestic PVC social inventories decreased month-on-month, indicating that there is not much
pressure on suppliers at present.
In addition to the impact of the off-season, power cuts in South China and road transportation caused by the epidemic have affected the decline
in the start of product enterprises in Foshan.
Some enterprises said that the off-season has made it more difficult to sell factory products, and if there is no improvement in the later period, there is still an expectation
of continuing to reduce the negative.
The National Assembly has talked about commodity prices three times, which has triggered market expectations for price control and suppressed
prices to a certain extent.
The intraday V2109 contract is weak and volatile, indicating that its upside pressure is still in place
.