PVC intraday contraction and increase in futures prices fell slightly

News: 1.
The Ministry of Commerce has decided to conduct a countervailing investigation
on imported PVC originating in the United States from October 14, 2020.
If it can be successfully passed, it is expected to form a certain support
for the domestic PVC market.
2.
PVC prices in the Asian market rose sharply this week, at $1060/ton CFR China, $1080/ton CFF Southeast Asia, each up $90, CFR India up $80, $1130/ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7050 yuan / ton, +0
.

Warehouse receipt inventory: 2248 warehouse receipts, +0 sheets
.
Main positions: top 20 long positions; Short positions
.
Reduced
headroom.

Summary: Affected by the accumulation of long holidays, the domestic PVC social inventory was higher than the same period last year
.
And after entering the middle and late October, PVC has a new device and a plan to put into production, and it is expected that the supply will gradually increase in the later period to form a certain suppression
of prices.
However, due to the overhaul of overseas plants, Shin-Etsu will overhaul for one month, and major European manufacturers also have maintenance plans, resulting in the delay of the upstream vinyl chloride restart plan, pushing up the price of vinyl chloride raw materials, overseas PVC price trend is firm, Formosa Plastics November PVC price increase also supported the price, these factors supported the price
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.