PVC futures price narrow finishing focus on the support below

News: 1.
The latest shipping schedule quotation of Taiwan Plastics increased by $20/ton compared with February, the price of India continued to rise by $20/ton at $1340/ton CIF India, CFR China at $1210/ton, FOB Taiwan at $1160/ton, spot letter of credit, shipped at the end of February and early March 2021
.
2.
In January 2021, the output of domestic PVC production enterprises was 1.
9799 million tons, an increase of 1.
68% from December last year, a significant increase of 10.
25% year-on-year, and the new production capacity was completely released and the maintenance in January was greatly reduced, pushing the output to a record high
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7350 yuan / ton, +0
.

Warehouse receipt inventory: 8107 warehouse receipts, -160 sheets
.
Main positions: Top 20 long positions 264388, +681, short positions 258187, -2567
.
Net increase
.

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, last week, 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 price also formed a certain support
for prices.
In terms of operation, it is recommended that investors can reduce their holdings at high prices and drop their pockets
.