PVC futures price upward resistance There is still some pressure above

News: 1.
Due to the slightly tight supply in the United States and the decrease in supply due to floods in Europe, due to the impact of monsoon rainfall, demand in Southeast Asia is weak, and prices have fallen
slightly.
2.
Longzhong Information reported on July 22: Inner Mongolia Junzheng 14 calcium carbide furnaces are running normally, the current limited electricity impact is weakened, the starting load is increased, the calcium carbide consumption is mainly for self-use, and a small amount is exported
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9300 yuan / ton, +20
.

Warehouse receipt inventory: 1735 warehouse receipts, -100 sheets
.
Main positions: Top 20 long positions 297051, -12186; short positions 273136, -12569
.
Net increase
.

Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to the severe power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, and some calcium carbide PVC manufacturers showed signs
of reducing production.
PVC market supply has decreased
.
The start of PVC downstream products enterprises is still at a relatively low level, and only a few low workers have slightly improved
.
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
.
Domestic PVC social inventory has rebounded month-on-month, indicating that the current market supply is still relatively sufficient
.
Formosa Plastics' lower August cargo quotation has suppressed prices to a certain extent
.
The upward resistance of the V2109 contract during the day shows that there is still some pressure above, and it is expected that the market will test the support of the 8950 line in the future
.