Market supply has increased, and PVC futures prices have soared and fallen

News: 1.
Formosa Plastics plans to expand its PVC plant capacity in Baton Rouge, Louisiana, by 136,000 tons in the fourth quarter of 2021
.
2.
Longzhong Information reported on December 14: As of the end of last week, the domestic PVC social inventory was 80,900 tons, an increase of 7.
44% month-on-month and 12.
36% year-on-year, the inventory in East China was 61,900 tons, an increase of 10.
73% month-on-month and a year-on-year decrease of 1.
75%, and the inventory in South China was 19,000 tons, a decrease of 2.
06% month-on-month and a year-on-year increase of 111%.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9000 yuan / ton, +0
.
Warehouse receipt inventory: 701 warehouse receipts, +600 sheets
.

Main positions: Top 20 long positions 126054, -4531; short positions 118999, -19332
.
Net idling to net more
.

Summary: In December, PVC has new installations and production plans, and the company's maintenance equipment has decreased, and the market supply is expected to increase
.
However, affected by the maintenance and temporary shutdown of equipment in Europe, the United States, South Korea and Japan, the supply of PVC in Europe, the United States, South Korea and Japan has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, the domestic calcium carbide price continues to rise, and the domestic PVC social inventory has decreased month-on-month, these factors have supported the price
.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets for safety
.