PVC main narrow finishing space in the short term is limited

In terms of news: PVC downstream enterprises have not yet digested pre-holiday stocks, currently mainly digesting inventory, a small amount of purchase, the stocking situation is not ideal, not in a hurry to purchase, spot transactions are relatively bleak
.
In October, the order volume of product enterprises did not improve much, many factories maintained the order-to-order production mode, the inventory of products was not large, and speculative procurement behavior was very rare
.

Spot market: the overall wait-and-see mood in Hebei market is strong, the downstream replenishment is less, the price of 5 type materials including tax is delivered at 6460-6480 yuan / ton, and the price of Inner Mongolia source pick-up is 6200-6250 yuan / ton
.
The price of calcium carbide in the PVC market in Guangzhou is stable, and the mainstream of calcium carbide 5 type material is 6640-6730 yuan / ton for self-exchange
.

Warehouse receipt inventory: Exchange warehouse receipts reported 5330 lots, intraday -400 lots, in the historical high area
.

Main position: The top 20 long positions in the main contract are 122181 lots, -2945 lots, short positions are 107938 lots, +464 lots, and the net position is 14243 lots, which is a net long decrease
.

Summary: The recent trend of international crude oil has weakened, and with the end of the long holiday, environmental protection production restriction policy has been lifted one after another, production enterprises have started to rise steadily, production has increased, PVC spot market supply is sufficient, over time, the planned maintenance of the device is also less and less, in the later stage, only Xinfa and Shenma have maintenance plan, and in the later stage, there are three sets of Dezhou, Zhongtai, Jinniu three sets of equipment planned to be put into production, it is expected that the market will continue the pattern
of oversupply.
In addition, the pressure on calcium carbide transportation has eased, the market supply is sufficient, and the price has weakened
.
The cost support effect on PVC is weakened
.
After the expiration of anti-dumping, whether China's anti-dumping against the United States, Japan, South Korea and Taiwan will continue is also a worrying factor
for the market.
And Taiwan lowered its November shipping schedule, these factors are bearish PVC, and it is expected that PVC rebound space will be limited
in the short term.
The future market will pay attention to whether the pressure on the 6370 line can be broken
.