PVC futures price shock rebound There is still some pressure above

News: 1.
Longzhong data statistics show that as of November 7, the domestic PVC social inventory was 153,800 tons, a decrease of 5.
06% month-on-month and a year-on-year increase of 2.
60%; Among them, East China was 119,800 tons, down 4.
92% month-on-month and 8.
55% year-on-year; South China was 34,000 tons, down 5.
56% month-on-month and up 79.
89%
year-on-year.
2.
Longzhong data shows that the gross profit of PVC enterprises this week has increased
compared with last week.
As of the close of trading on November 4, calcium carbide method: gross profit - 346 yuan / ton, an increase of 76.
07% over last week; Ethylene method: gross profit of 1700 yuan / ton, an increase of 241.
67%
over last week.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9300 yuan / ton, +100
.

Warehouse receipt inventory: 3872 warehouse receipts, +512 sheets
.
Main positions: Top 20 long positions 207672, -6759, short positions 205964, -6502
.
Net excess decrease
.

Summary: Last week, the operating rate of PVC production enterprises was 73.
13%, down 1.
77% month-on-month and 2.
27% year-on-year, and market supply was reduced
.
The start of PVC downstream products enterprises has not changed much, and most of them maintain the original operation, and only individual enterprises fine-tune
according to their own orders.
As of November 7, the domestic PVC social inventory was 153,800 tons, a decrease of 5.
06% month-on-month and a year-on-year increase of 2.
60%.

The intraday V2201 contract rebounded in volatility, but was still subject to the 5-day moving average, indicating that there is still some pressure
above it.