PVC futures prices are lower and higher, and there is still some support below

News: 1.
PVC prices in the Asian market were lowered this week, and CFR Southeast Asia fell 20 at $1240 / ton; CFR China was at $1240/mt and CFR India was at $1330/mt, unchanged
from last week.
It is reported that South Korean manufacturers lowered their shipment prices in July to attract market demand
.
2.
The dual control of energy consumption in Ningxia continues to advance, the current power rationing in Zhongwei area affects the reduction of the starting load, the power limit in Huinong area is 30%-50%, the mainstream trade price is stable at 4500 yuan / ton, and the supply is tight
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9060 yuan / ton, -20
.
Warehouse receipt inventory: 1483 warehouse receipts, -0 sheets
.

Main positions: Top 20 long positions 310360, +22792, short positions 290629, +26557
.
Net excess decrease
.

Summary: PVC operating rate fell month-on-month last week, and market supply decreased month-on-month, but it can be higher than the same period last year
.
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
.
Formosa Plastics lowered its July cargo quotation, PVC downstream products enterprises are still differentiated, soft products are better than hard products
.
Affected by environmental protection restrictions and demand off-season, some continue to reduce the operating rate, and most profile enterprises in North China, East China, South China and Northwest China are at the lower middle starting level
.
Domestic PVC social inventories have decreased month-on-month, indicating that there is little pressure on production enterprises
.
The intraday V2109 contract tested lower and higher, indicating that there is still some support
below.