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On Wednesday, the PVC V2109 contract reduced its position, and the futures price fluctuated higher, closing at 9325 on the day, +170 yuan from the previous trading day; Volume 277951 lots, open position 296837 lots, -11621, basis 240
.
News: 1.
In view of the strong long-term demand in the Indian market and the decrease in Formosa Plastics maintenance exports in September, Taiwan's pre-sale quotation for PVC in September is expected to be postponed to next week, and Longzhong expects that the new quotation in September will increase by 50-100 US dollars / ton compared with August
.
2, Longzhong information reported on August 10: Inner Mongolia Junzheng 14 calcium carbide furnaces, Wuda plant maintenance plan resumed, foreign sales gradually decreased, tomorrow plan to raise the quotation of 50 yuan / ton 5200 yuan / ton, the actual transaction is mainly
negotiation.
Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9280 yuan / ton, +60
.
Warehouse receipt inventory: 1045 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 210922, -6566, short positions 195518, -11070
.
Net increase
.
Summary: PVC operating rates increased month-on-month last week, and PVC market supply increased
.
However, domestic PVC social inventories continued to decline month-on-month, indicating that the pressure on the supply side was not large
.
The start of PVC downstream products enterprises is basically stable, the start of soft products and sheets is relatively good, and the start of profiles, pipes and plates is declining
.
Most profile enterprises in North China, East China and South China are at the lower middle level, and the start of enterprises in Xinjiang has improved slightly
.
The V2109 contract was volatile and higher during the day, indicating that bulls still have an advantage
in the short term.