PVC main force empty range finishing short-term maintenance range shock pattern

News: The price of the domestic calcium carbide market has been lowered regionally
.
The purchase price in Shaanxi and Shanxi was lowered by 50 yuan / ton, and the blue charcoal market in Shaanxi was running
weakly.
Raw material prices continued to decline, and blue charcoal price support was weak; And calcium carbide and ferrosilicon markets are weak, and downstream benefits are not boosted enough
.
Most of the small and medium-sized materials of blue charcoal are purchased on demand to maintain rigid demand, and the prices of small and medium-sized materials have fallen in a slightly narrow range; Large material shipments are tight, supply is in short supply, and there is a steady upward trend
.
It is expected that the Shaanxi blue charcoal market will operate
weakly and steadily in the short term.

Spot market: Guangzhou PVC market type 5 supply is scarce, calcium carbide price in 6900-6950 yuan / ton, ethylene Dagu 1000 size 7130 yuan / ton, Shantou area type 5 spot continued to rise by 20-50 yuan / ton, Junzheng old / Yili 6920 yuan / ton
.
The PVC market in Hangzhou rose in price
.
Calcium carbide method 5 type 6670-6770 yuan / ton self-pickup, real negotiation
.

Warehouse receipt inventory: Exchange warehouse receipts reported 21 lots, intraday -1 lot, in the historical low area
.
Main position: The top 20 long positions in the main contract are 124097 lots, +5782 lots, short positions are 110664 lots, +6442 lots, and net positions are 13433 lots, net long is reduced
.

Summary: Taiwan lowered the December shipping schedule quotation, on October 30, China canceled anti-dumping to the United States, Japan, South Korea and Taiwan, the equipment maintenance gradually decreased, PVC production enterprises operating rate reported 76.
27%, an increase of 1.
94% from last week, these factors are bearish PVC
.
However, China and the United States are expected to cancel tariffs in phases, and the speed of PVC destocking accelerated last week, and inventories decreased by 12.
79%
month-on-month.
In addition, the decrease in imports of PVC downstream products and the increase in exports also supported prices
.
It is expected that PVC will maintain a range-bound pattern in the short term, and the future market will pay attention to whether the pressure of the 6620 line can be broken
.
Operationally, it is recommended that investors wait and see for the time being
.