PVC futures price low open high shows that there is still some support below

News: 1.
Japan's Shin-Etsu Chemical reported in its fiscal first quarter that net profit rose 38 percent to 95.
7 billion yen ($867.
3 million) for the fiscal quarter ended June 30, compared with 69.
3 billion yen a year earlier.

Operating profit increased 41.
7% y/y to JPY 128.
8 billion and sales increased 20.
8% y/y to JPY 434.
2 billion
.
2.
Longzhong Information reported on August 4: Wuhai Chemical Industry, Inner Mongolia, four calcium carbide devices still have an indefinite time limit of electricity, and the supply is unstable
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9120 yuan / ton, -0
.

Warehouse receipt inventory: warehouse receipt 1077, -200 sheets
.
Main positions: Top 20 long positions 212741, -9289, short positions 206401, -6644
.
Net excess decrease
.

Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, some calcium carbide PVC manufacturers have signs of reducing production, and PVC market supply has decreased
.
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 and still at a relatively low level, of which the start of flooring enterprises has increased
slightly.
The downstream operating rates in East China, North China and South China all remained at a moderately low level
.
Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
.
The intraday V2109 contract opened low and went higher, indicating that there is still some support
below.