PVC futures price narrow range finishing Pay attention to whether the support below is strong

News: 1.
Longzhong data statistics show that as of July 11, the domestic PVC social inventory was 147,900 tons, an increase of 6.
10% month-on-month and a year-on-year decrease of 41.
77%; Among them, East China was 107,900 tons, an increase of 6.
41% month-on-month and a year-on-year decrease of 47.
37%; South China was 40,000 tons, an increase of 5.
26% month-on-month and a year-on-year decrease of 18.
37%.

2.
The operating rate of PVC production enterprises increased slightly this week
.
Longzhong data shows that the operating rate of PVC production enterprises this week was 85.
22%, an increase of 1.
00% month-on-month and 8.
30% year-on-year; Among them, the calcium carbide method was 86.
10%, an increase of 2.
49% month-on-month and 6.
66% year-on-year; The ethylene method was 81.
78%, down 4.
87% month-on-month and up 14.
79%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -20
.

Warehouse receipt inventory: 2233 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 307652, -12236; short positions 284024, -17085
.
Net increase
.

Summary: Last week, the PVC operating rate increased month-on-month and was higher than the same period last year, and market supply increased
month-on-month.
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 the July cargo quotation, and the start of PVC downstream products enterprises is still at a relatively low level, and only a few low-start companies have slightly increased
.
Some hard products enterprises continued to reduce negative production; Although the start of soft product enterprises is slightly better, the overall improvement has not been seen
.
Domestic PVC social inventories have decreased month-on-month, indicating that there is little pressure on production enterprises, and the central bank's RRR reduction has also formed a certain support
for prices.
The intraday V2109 contract is in a narrow range, and the night session focuses on whether the support below is strong
.