PVC futures prices fell sharply, and the bears had the advantage

News: 1.
Tangshan Sanyou PVC will be overhauled for about 12 days at the end of October, and calcium carbide will be stopped one
after another.
2.
Longzhong data statistics show that the apparent consumption of domestic PVC in September 2021 was 1.
7861 million tons, a decrease of 4.
45% from August and an increase of 2.
54% from September last year, and the cumulative apparent consumption from January to September was 16.
11283 million tons, an increase of 2.
58%
year-on-year.
From January to September 2021, the cumulative consumption of PVC market was 16.
086 million tons, an increase of 3.
94% year-on-year; After excluding the cumulative export consumption of 1.
3353 million tons from January to September, the actual domestic consumption was 14.
7507 million tons, a decrease of 2.
50%
over last year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 12300 yuan / ton, -200
.

Warehouse receipt inventory: 5908 warehouse receipts, -293 sheets
.
Main positions: Top 20 long positions 190740, -8671; short positions 197436, -20616
.
Reduced
headroom.

Summary: Last week, the domestic calcium carbide supply increased, and the calcium carbide operating rate increased by 2.
65%
compared with last week.
Inner Mongolia Jun is overhauling the PVC plant in Ordos, and the sales volume of calcium carbide has increased, which has alleviated the tight market supply to a certain extent
.
Affected by this, the overall operating rate of PVC enterprises has increased by 1.
18% recently, and the market supply has increased
.
The start of PVC downstream products enterprises has improved, and the enterprises that have reduced the burden after the holiday have basically returned to normal, but there is still an indefinite time limit for electricity, and the cost pressure of downstream enterprises is greater, and there are signs of
stopping work and production.
As of October 17, the domestic PVC social inventory was 175,900 tons, down 9.
56% month-on-month and 22.
99% year-on-year, indicating that there is little pressure on the supply side
.
The National Development and Reform Commission has strengthened supervision and strictly investigated and dealt with capital malicious speculation of coal, which is expected to suppress
coal prices.
The intraday V2201 contract moved sharply lower, indicating that the bears had the advantage
.