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On Wednesday, the PVC V2201 contract increased its position, and the futures price fluctuated lower, closing at 9115 on the day, -55 yuan from the previous trading day; Volume 244821 lots, open position 308416 lots, +41097, basis 265
.
News: 1.
With the recovery of global demand and the impact of slow supply recovery, PVC export demand has begun to rise, especially in the Indian market due to the reduction of port inventory in the early stage of imports, the end of the monsoon season in September, the market import demand has increased
sharply.
2.
On August 18, 2021, the Inner Mongolia area was affected by the power supply within an irregular time limit, and the output was unstable
.
The mainstream ex-factory price in Ulanqab is 5225-5355 yuan / ton, which is flat
.
The mainstream ex-factory price in Wuhai is 5300-5350 yuan / ton, +150 yuan
.
The actual transaction is mainly
negotiation.
Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9380 yuan / ton, -20
.
Warehouse receipt inventory: 1209 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 116458, -76777, short positions 104486, -69161
.
Net excess decrease
.
Summary: PVC operating rates increased month-on-month last week, and PVC market supply increased
.
However, domestic PVC social inventories continued to decline month-on-month, indicating that the pressure on the supply side was not large
.
The start of PVC downstream products enterprises is basically stable, the start of soft products and sheets is relatively good, and the start of profiles, pipes and plates is declining
.
Most profile enterprises in North China, East China and South China are at the lower middle level, and the start of enterprises in Xinjiang has improved slightly
.
The V2201 contract fell back in volatility during the day, and the short-term trend weakened
.
In terms of operation, investors can take profit at a high and take profit in their hands.