PVC futures prices are still volatile

Futures market: as of 9.
7 days, the main PVC closed at 6362 yuan / ton, down 0.
67% from the previous month; Top 20 main long positions: 266434 (-5073), short positions: 301757 (-2841), net short positions: 35323 (+1571).

Spot and enterprise dynamics: as of 9.
7, East China (calcium carbide method) quotation: 6570 yuan / ton (0); South China (calcium carbide method) quotation: 6680 yuan / ton (0); The first phase of Xinjiang Zhongtai Chemical PVC Midong plant is planned to start construction, and the Fukang plant starts construction 7-80%, and pre-sale
is currently maintained.
The quotation of type 5 calcium carbide East China wire transfer library is 6800 yuan / ton, and the factory execution price of type 5 calcium carbide acceptance is 6250 yuan / ton
.
The 350,000-ton PVC plant in Yihua, Inner Mongolia, is currently operating at full capacity and maintaining pre-sale
.

Basis: as of 9.
7 South China basis +318; East China basis +208; basis slightly strengthened
.

Upstream raw materials: as of 9.
7, North China calcium carbide quotation 4090 yuan / ton, Shaanxi Lan charcoal quotation 1516 yuan / ton, no change
from yesterday's price.

Viewpoint: The restart of the early accidental parking device superimposed on the relatively low price of calcium carbide, PVC profit repair, it is expected that the recent PVC operating rate will increase, the market supply is relatively abundant, and it is not ruled out to start accumulating
again after the supply is restored.
Although it has entered the traditional peak season, it is limited in combination with the current real estate situation and the Fed's expectation of interest rate hikes
.
Combined with the epidemic situation in multiple cities, it further affects demand and continues to be in excess state
.