PVC futures prices are high and the market supply is still sufficient

News: 1.
In January 2021, the apparent consumption of domestic PVC was 1.
8922 million tons, and the apparent consumption of domestic PVC in February was 1.
7393 million tons; the cumulative domestic apparent consumption of PVC from January to February was 3.
6315 million tons, an increase of 9.
46%
over the same period last year.
2.
The total shipment volume of 24 PVC manufacturers last week decreased by 9.
04%
compared with last week.
The market is weak this week, North China and other places shipments are not good, the total output of 24 production enterprises fell by 5.
71% compared with last week, mainly due to the impact of the decline in the start of some enterprises, of which Tianjin LG temporarily stopped, the impact was greater
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8920 yuan / ton, +140
.

Warehouse receipt inventory: warehouse receipt 1552, -845 sheets
.
Main positions: Top 20 long positions 209799, -23317; short positions 204472, -9225
.
Net excess decrease
.

Summary: The United States, Europe, Japan and South Korea have all stopped their installations, overseas supply is still tight, and Formosa Plastics has sharply raised its April shipping schedule quotation by $
300.
It also supports the price
.
Domestic: Inner Mongolia dual-control stone supply is tight, and prices have risen, pushing up the production cost
of PVC.
The pre-sales of domestic enterprises increased by 23.
83%
month-on-month.
The operating rate of domestic PVC downstream pipe products enterprises continues to increase, and the operating rate of large-scale pipe factories is more than
80%.
PVC social stocks reported 338,600 tons, an increase of 0.
36% from the previous month, indicating that the current supply of PVC market is still sufficient
.
Exports are expected to remain high as overseas supply remains insufficient
.
In terms of operation, it is recommended that investors operate in the 8500-8850 range
.