Downstream demand recovered better, and PVC futures prices rose

News: 1.
The average weekly operating rate of PVC production enterprises last week was 78.
03%, an increase of 0.
24% month-on-month and 0.
20%
year-on-year.
Among them, the calcium carbide method started construction 78.
11% this week, an increase of 0.
29% month-on-month and 0.
07% year-on-year; The ethylene process was at 77.
66%, unchanged from last week, an increase of 0.
83%
year-on-year.
2.
Last week, PVC social inventory decreased by 2.
62% month-on-month and 14.
24% year-on-year, as far as East China was concerned, it decreased by 3.
73% month-on-month and 15.
70% year-on-year, and South China increased by 2.
30% month-on-month and decreased by 7.
55%
year-on-year.
East China stocks are 204,000 tons, South China 49,000 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6620 yuan / ton, +100
.

Warehouse receipt inventory: 338 warehouse receipts, +0
.
Main positions: top 20 long positions 94561, -5221, short positions 103813, -3401
.
Increased
headroom.

Summary: Asian demand is basically stable, and Formosa Plastics raised its quotation in August to support
PVC.
Domestically, the maintenance of domestic production enterprises continued
.
Market supply is expected to decrease, but imports rose sharply in June and domestic supply increased
.
In terms of demand, in June, the apparent demand for PVC continued to rise year-on-year, and was higher than the same period last year, indicating that downstream rigid demand is still there
.
Social inventories continued to fall, indicating that PVC downstream demand recovered well, supporting the price of PVC
.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.