PVC futures prices fell slightly, and market demand was tepid

News: 1.
Longzhong data shows that domestic PVC production in August 2021 was 1.
8595 million tons, a decrease of 2.
67% from the previous month, an increase of 3.
01% year-on-year, and a cumulative increase of 12.
75%
year-on-year.
Among them, the output of calcium carbide method was 1.
4982 million tons, a decrease of 0.
91% from the previous month, an increase of 0.
59% over last year, and a cumulative increase of 9.
25%
year-on-year.
The ethylene production was 361,300 tons, a decrease of 9.
33% from the previous month, an increase of 14.
40% over last year, and a cumulative increase of 30.
61%
year-on-year.
2.
At present, calcium carbide in Hebei is actively purchasing: Tangshan Sanyou receiving price 5590 yuan / ton, Hebei Julong receiving price 5615 yuan / ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9460 yuan / ton, -40
.

Warehouse receipt inventory: 1147 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 298416, -8262, short positions 269865, -6739
.
Net excess decrease
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, domestic PVC social inventories have stopped falling and rebounded for two consecutive weeks, indicating that the market supply is sufficient
.
Last week, PVC downstream products enterprises did not change much, and demand was tepid
.
Among them, the start of soft products and medical products is relatively acceptable, and the start of hard products enterprises such as profiles, pipes and plates is at a relatively low level, and some enterprises indicate that terminal orders are insufficient
.
The recent strong trend of coal is expected to form some support
for PVC.
The V2201 contract fell slightly during the day, and it is expected that it will test the support of the 9100 line in the short term
.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets
.