PVC contracts reduce positions and futures prices open and fluctuate

News: 1.
After the holiday, the recent power supply in the Ukrainian League area has eased, and the supply has recovered
.
Arrivals in North China and Shandong have recovered, and prices have been relatively stable
.
At present, the mainstream ex-factory price is 3400-3500 yuan / ton, which is the same as before the
holiday.
2.
According to Longzhong information statistics, as of the week of February 18, the operating rate of domestic PVC paste resin enterprises was about 88.
69%, basically the same as the previous week, and the start of enterprises remained normal
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8000 yuan / ton, +500
.

Warehouse receipt inventory: 8869 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 236801, -23422, short positions 264655, -1552
.
Increased
headroom.

Summary: During the New Year holiday, the United States suffered from extreme cold and caused widespread power outages, and the production load of many PVC-related installations decreased
.
In Europe, the PVC plant Tavaux was shut down due to a production line failure and the date of reopening was undecided
.
South Korea, Taiwan, and India also have shutdowns and maintenance, and the tight global PVC supply situation continues during
the long holiday.
The Indian market price jumped more than $50/mt, and the CFR India price exceeded $1400/mt
.
Domestically, during the long holiday, domestic PVC production enterprises started normally, and downstream enterprises were affected by the New Year in the place of employment, and the downstream operating rate is expected to recover
early.
In addition, higher crude oil is expected to still support the price of PVC
.
Operationally, investors can still hold long positions
cautiously.