PVC futures price volatility lower There is still some pressure above

News: 1.
Longzhong data statistics show that as of June 20, the domestic PVC social inventory was 161,000 tons, an increase of 4.
01% month-on-month and a year-on-year decrease of 44.
48%; Among them, East China was 115,000 tons, an increase of 4.
74% month-on-month and a year-on-year decrease of 44.
44%; South China was 46,000 tons, an increase of 2.
22% month-on-month and a year-on-year decrease of 44.
58%.

2.
In May 2021, PVC imports were 20,800 tons, down 7.
14% month-on-month, general trade was 0.
4 million tons, and incoming material processing was 16,800 tons
.
In May 2021, PVC exports were 216,200 tons, down 12.
47% month-on-month, and general trade was 172,700 tons, mainly exported to Vietnam 34,700 tons, India 33,100 tons, Bangladesh 21,300 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9000 yuan / ton, -100
.

Warehouse receipt inventory: 4545 warehouse receipts, -356 sheets
.
Main positions: Top 20 long positions 265468, -11685, short positions 228375, -507
.
Net excess decrease
.

Summary: PVC operating rates continued to rise slightly month-on-month last week, and market supply increased
.
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
.
The operating rate of downstream product enterprises has not changed much, only a few enterprises have a slight decline, others are stable, and the current product enterprises are in the off-season, and the difficulty of sales has increased
.
The V2109 contract fluctuated lower during the day, indicating that there is still some pressure
above.