PVC intraday contraction and position reduction, futures price shock fall

News: 1.
According to the statistics of incomplete samples of Longzhong Information, the capacity utilization rate of domestic chlor-alkali enterprises in July was about 77.
76%, down 0.
66% from the previous month and 0.
39%
from the same period last year.
During the month, the Northwest Chlor-Alkali Plant was overhauled in turn and some units were unstable, and the overall capacity utilization rate reflected a narrow downward adjustment
.
2.
In June 2020, the import volume of solid caustic soda was 518.
99 tons, the cumulative import volume was 2919.
7 tons, the import amount in the month was 321,000 US dollars, the cumulative import amount was 3.
0796 million US dollars, the average import price in the month was 618.
51 US dollars / ton, the cumulative average import price was 1054.
77 US dollars / ton, the import volume was reduced by 28.
37% year-on-year, the import volume was reduced by 18.
71% month-on-month, and the cumulative import volume was increased by 4.
46% compared with the same period of the previous year
。

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6630 yuan / ton, -50
.

Warehouse receipt inventory: 427 warehouse receipts, +0
.
Main positions: the top 20 long positions 75396, -8142, short positions 80914, -10384
.
Reduced
headroom.

Summary: Restricted electricity restrictions in the Umong area, insufficient supply, and the domestic calcium carbide market price has increased
.
The upstream leading manufacturers Wuhai Chemical, Inner Mongolia Junzheng, Shaanxi Beiyuan, and Xinjiang Zhongtai plan maintenance in August, and it is expected that the market supply will be reduced, and the pressure on the supply side will not be large
.
Imports rose sharply in June and domestic supply increased
.
In terms of demand, PVC social inventory continued to fall, indicating that PVC downstream demand is still good, which supports the price of PVC
.
But after a period of rebound, there are certain technical adjustment requirements
for the short term.
In terms of operation, it is recommended that investors can reduce their holdings in batches at high prices, and put their pockets in peace
.