PVC main force fell slightly, and the short-term trend is still weak

In terms of news: the price of vinyl chloride in Asia CFR Far East was lowered by $5/ton to $685/ton, and the price of CFR Southeast Asian spot market was affected by rising freight rates to $725/ton; Taiwanese producer PVC raised its quotation by $10/mt
in January.

Spot market: the price of PVC market in Shanghai was reduced by 50 yuan / ton, and the mainstream quotation of calcium carbide five-type material was 6980-7160 yuan / ton
.
Sanlian / Yihua 6980 yuan / ton, Tianye 7160 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7050-7150 yuan / ton for negotiation, East China ethylene method enterprise price in 7350 yuan / ton delivery
.

Warehouse receipt inventory: exchange warehouse receipts report 0 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 165572 lots, +1673 lots, short positions are 159294 lots, +4939 lots, and the net position is 6278 lots, net long decrease
.

Summary: Affected by environmental protection, the start of upstream production enterprises has decreased slightly; Due to the pre-sale of more deliveries in the market, the spot volume of various merchants remained tight; Downstream maintenance just need to purchase
.
Far futures source procurement is not active, and the psychology of high price resistance is enhanced
.
At 80.
90%, an increase of 2.
84% from last week and 0.
95% lower than last year; PVC social inventory last week decreased by 8.
33% month-on-month and 41.
07%
year-on-year.
The domestic calcium carbide market stopped falling and stabilized, the market supply was in the stage of gradual consumption, and the downstream purchasing manufacturers increased their demand with the end of maintenance and the increase of load
.
Moreover, there was a serious smog weather in the north of China, and orange warnings for heavy pollution weather were issued in many places, and production enterprises successively reduced production
.
In terms of operation, it is recommended that investors can settle their hands on high orders and drop their bags
.