PVC contracts reduced their positions and futures prices edged higher

News: 1.
The current social inventory of PVC increased by 13.
05% month-on-month and decreased by 50.
32% year-on-year; This year's PVC inventory is much lower than the same period last year, mainly because the spot goods in East China and South China markets were consumed by downstream demand before the holiday, plus upstream enterprises directly sent to the railway and increased
.
2.
After Longzhong information investigation, it was found that the warehouses around Tianjin Port have been continuously purchasing goods recently, with a volume of about 100,000-150,000 tons, compared with previous years, the utilization rate of warehouses in North China before this year is extremely high
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7500 yuan / ton, +0
.

Warehouse receipt inventory: 8069 warehouse receipts, +2 sheets
.
Main positions: Top 20 long positions 275087, +2333, short positions 272309, -569
.
Net idling to net more
.

Summary: PVC plant maintenance has decreased, the operating rate of Gulf Chemical and production enterprises has increased, and market supply has increased
.
With the approach of the Spring Festival and the impact of public health events, the operating rate of downstream enterprises has declined, and the enthusiasm of production enterprises to take goods has also weakened
.
However, Inner Mongolia raised electricity prices, and last week's social inventory continued to decrease by 0.
48% month-on-month and 23.
47% year-on-year, indicating that the market supply pressure is not large, and Formosa's increase in March selling prices also formed a certain support
for prices.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.