PVC contracts increased their positions, and the futures price fluctuated higher

News: 1.
According to Longzhong information data statistics, the output of domestic PVC production enterprises in May 2021 was 1.
8988 million tons, an increase of 1.
08% from the previous month, an increase of 11.
16% year-on-year, and a cumulative increase of 15.
05%
year-on-year.
The output of calcium carbide process was 1.
5103 million tons, an increase of 0.
49% from the previous month, an increase of 8.
38% over last year, and a cumulative increase of 11.
23% year-on-year; The output of ethylene process was 388,500 tons, an increase of 3.
45% from the previous month, an increase of 23.
48% over the previous year, and a cumulative increase of 33.
78%
year-on-year.
2.
Xinjiang Jinhui Zhaofeng Energy Co.
, Ltd.
has an annual output of 1 million tons of polyvinyl chloride (PVC) project (phase I project) and 750,000 tons/year calcium carbide project started
.
Around the 1 million tons/year PVC project, supporting construction of 2.
6 million tons/year of coking, 2 million tons/year of cement, 3.
6 million tons/year of coal preparation plants, 4×350MW power plants, 38,000Nm3/h coke oven gas to liquefied natural gas (LNG), 1.
5 million tons/year calcium carbide, 800,000 tons/year caustic soda and other projects
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -50
.

Warehouse receipt inventory: 5041 warehouse receipts, -400 sheets
.
Main positions: Top 20 long positions 278975, +13945, short positions 227947, +3721
.
Net increase
.

Summary: Increased overseas supply and Taiwan's Formosa Plastics cut its June cargo quotation to suppress
Asian market prices.
Domestic: PVC operating rate rose slightly this week, and market supply increased
.
Last week, domestic PVC social inventories decreased month-on-month, indicating that there is not much
pressure on suppliers at present.
In addition to the impact of the off-season, power cuts in South China and road transportation caused by the epidemic have affected the decline
in the start of product enterprises in Foshan.
Some enterprises said that the off-season has made it more difficult to sell factory products, and if there is no improvement in the later period, there is still an expectation
of continuing to reduce the negative.
The National Assembly has talked about commodity prices three times, which has triggered market expectations for price control and suppressed
prices to a certain extent.
Intraday V2109 contract low and higher, slightly technical improvement, tomorrow pay attention to whether the pressure on the 8820 line can be broken
.