PVC futures price hit a new high, and it is appropriate for the market to wait and see for the time being

News: 1.
As of last week, domestic PVC social inventory increased by 3.
24% month-on-month and decreased by 31.
56%
year-on-year.
Social warehouse inventory in East China continued to maintain a downward trend, down 3.
26% month-on-month and 22.
64%
year-on-year.
South China increased by 15.
05% month-on-month and decreased by 45.
79%
year-on-year.
East China was 234,400 tons, and South China was 107,000 tons
.
2.
The "dual control" of energy consumption is further fermented in Inner Mongolia, and enterprises in Wuhai and Ordos areas gradually reduce the operating load or enter the maintenance stage
in advance.
The impact of the tight supply of calcium carbide has caused the price of the domestic calcium carbide market to rise rapidly
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9150 yuan / ton, +400
.

Warehouse receipt inventory: 6340 warehouse receipts, -14 sheets
.
Main positions: Top 20 long positions 263611, +30256, short positions 267280, +28154
.
Reduced
headroom.

Summary: There are installations in the United States, Europe and Asia, overseas supply is still tight, and the market continues to be bullish on Formosa Plastics shipping schedule quotations
in April.
Domestically, recently, the supply of Inner Mongolia dual-control stone is tight, and the price has risen, pushing up the production cost
of PVC.
Although domestic PVC production in February fell month-on-month, it was still much higher than the same period last year, and production in the first two months of 2021 was also higher than the same period last year, indicating sufficient
domestic supply.
Last week, the domestic PVC social inventory increased, indicating that the PVC industry is still in the accumulation stage
.
Operationally, it is recommended that investors wait and see for the time being
.