PVC futures price narrow range finishing focus on 8770 first-line support

News: 1.
The quotation of domestic large-scale PVC pipe products dealers remained stable overall, the pipe industry entered a relatively off-season, and the overall new orders received by pipe factories were under pressure
.
2.
The overall start of domestic PVC downstream products enterprises is insufficient, of which the start of pipe factories fell by 10%, commodity prices continued to be high, and terminal real estate starts fell
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, +0
.

Warehouse receipt inventory: 1483 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 290787, -3545, short positions 276039, -4920
.
Net increase
.

Summary: PVC operating rate fell month-on-month last week, and market supply decreased month-on-month, but it can be higher than the same period last year
.
At present, the large-scale maintenance of PVC production enterprises has ended, and there are fewer maintenance enterprises in the later stage, and the operating rate of the PVC industry as a whole shows a rebound trend
.
Formosa Plastics lowered its July cargo quotation, PVC downstream products enterprises are still differentiated, soft products are better than hard products
.
Affected by environmental protection restrictions and demand off-season, some continue to reduce the operating rate, and most profile enterprises in North China, East China, South China and Northwest China are at the lower middle starting level
.
Domestic PVC social inventories have decreased month-on-month, indicating that there is little pressure on production enterprises
.
The V2109 contract was narrowly sorted out during the day, obviously focusing on whether the support of the 8770 line was strong
.