PVC main force fell slightly, focusing on the 6320 first-line pressure

News: PVC prices in Asia fell slightly, with CFR China trading at $850, CFR Southeast Asia at $860, and CFR India at $890, both up $10 from the previous week
.

Spot market: PVC market in Qilu Chemical City is sideways, and the quotation is stable
.
The price of calcium carbide type 5 is 6180 yuan / ton, the price of ethylene Qilu S1000 is 6250 yuan / ton, and the price of S700 is 6350 yuan / ton.

Warehouse receipt inventory: exchange warehouse receipts reported 4680 lots, intraday - 60 lots
.
Main position: The top 20 long positions in the main contract are 159254 lots, -9854 lots, short positions are 140740 lots, -11676 lots, and the net position is 18514 lots, net long increase
.

Summary: The introduction of domestic stimulus policies has weakened market panic, and the initial control of the epidemic has also eased market worries
.
However, the operating rate of PVC manufacturers has rebounded, and the market supply is still increasing, although PVC downstream product enterprises have begun to resume work
one after another.
However, local government approval is still strict, the resumption of work in many places is slow, and PVC social inventory remains high
.
Sluggish downstream demand is expected to dampen the rebound height
of PVC.
The market focuses on the pressure of the 6320 line, and operationally, it is recommended that investors hold short orders with caution
.