PVC futures prices fluctuated at a high level, and domestic downstream demand was acceptable

News: 1.
The 360,000-ton-per-year PVC plant in Gujarat, India, was originally scheduled to be overhauled in mid-April to late April, but due to the shortage of vinyl chloride supply, it was postponed to May 12 to restart operation
.
2.
Enterprises in Xinjiang still maintain low loads
.
PVC profile products enterprises started a decline individually, but the burden is not large, the burden reduction enterprises said that the price of PVC raw materials after the holiday rose sharply, most of the inventory was not replenished, and some export products enterprises received emails from Indian customers, pre-orders were suspended, and high-priced new orders were directly canceled
.
From the perspective of the orders of product enterprises, the orders of product enterprises are general, and the orders of individual export product enterprises are reduced
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9430 yuan / ton, -20
.

Warehouse receipt inventory: 7271 warehouse receipts, +644 stock
.
Main positions: Top 20 long positions 284856, -14141, short positions 273907, +144
.
Net excess decrease
.

Summary: India's epidemic is serious, demand is weakening, and due to the resumption of production of equipment suspended in the United States, export expectations are expected to increase, and Taiwan's June quotation of cargo is likely to be
lowered.
Domestic downstream demand is acceptable, but due to the current PVC price in the high area, the profit margin of product enterprises is compressed, the terminal will continue to maintain just need to purchase, it is rumored that some manufacturers began to reduce production and stop production
.
In the first week after the holiday, PVC social inventory increased month-on-month, indicating an increase
in market supply.
In terms of operation, it is recommended that investors reduce their holdings at high prices and drop their pockets
.