PVC futures price volatility higher in the short term, many parties still have an advantage

News: 1.
Longzhong data statistics show that as of August 29, the domestic PVC social inventory was 137,700 tons, 4.
68% month-on-month, down 47.
18% year-on-year; Among them, East China was 105,700 tons, down 4.
09% month-on-month, down 51.
95% year-on-year; South China was 32,000 tons, up 4.
68% month-on-month and 47.
18%
year-on-year.
2.
Longzhong Information reported on August 30: Yantai Wanhua's 400,000-ton PVC plant started normally, and the auction transaction of PVC-WH1000F products was held on August 31, and the bidding price in the northern area was the factory price of Wanhua Chemical Yantai Factory/Lianfa Warehouse, plus the corresponding delivery area freight after the supplier delivered; The South China auction is for the delivery price of some areas of the Pearl River Delta, and the supplier delivers the goods
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9450 yuan / ton, -0
.

Warehouse receipt inventory: 1147 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 311661, +28926, short positions 284584, +26206
.
Net increase
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, domestic PVC social inventories have stopped falling and rebounded for two consecutive weeks, indicating that the market supply is sufficient
.
Last week, PVC downstream products enterprises did not change much, and demand was tepid
.
Among them, the start of soft products and medical products is relatively acceptable, and the start of hard products enterprises such as profiles, pipes and plates is at a relatively low level, and some enterprises indicate that terminal orders are insufficient
.
The recent strong trend of coal is expected to form some support
for PVC.
The intraday V2201 contract rebounded, indicating that bulls still have an advantage
in the short term.