I. crude oil

On Monday (October 14), the settlement price of West Texas Light Oil futures on the New York Mercantile Futures Exchange fell $53.59 per barrel in November 2019, down $1.11, or 2.0%, from the previous trading day, with a trading range of $52.77-54.9; the settlement price of Brent Crude Oil futures on the London Intercontinental Exchange in December 2019 was $59.35 per barrel, down $1.16, or 1.9%, from the previous trading range of 58.5-60.73. US dollars.

II.Inventory

Petrochemical polyolefin stocks on October 15 were 710,000 tons, down 40,000 tons, or 5.3 percent, from yesterday's stocks, according to data tracked by Purchase Institute of Chemical and Plastic Research.

III.Institutional Market View

[PVC]: The market closed down slightly on Monday night. The market is still in a weak run, and last week, it gained support and rebounded again after approaching the previous low. From the perspective of the longer weekly and monthly line, there is still no trend in the range shock pattern. Fundamentally, as the supply side enters the end of overhaul, the stock supply will increase, and the new supply will be reflected in the fourth quarter. Terminal enterprises generally reflect that orders are not as good as in previous years, procurement is more cautious, and the mood is more pessimistic. Pay attention to the anti-dumping results of PVC imports. As the macro-Sino-US trade negotiations have achieved some results, short-term market risk preference has improved, but the medium and long-term expectations are still weak. Operational recommendations for robust investors to wait and see, pay attention to the rebound pressure to consider short-selling. Radical investors pay more attention to stop-loss in short-term test.