PVC futures prices fluctuate and rebound Short-term prices have been at a high level

News: 1, Longzhong Information reported on November 23: As of the end of last week, the domestic PVC social inventory decreased by 22.
97% month-on-month, an increase of 0.
61% year-on-year, as far as East China was concerned, it decreased by 24.
55% month-on-month and 2.
35% year-on-year, and South China decreased by 13.
99% month-on-month, 18.
57%
higher year-on-year.
East China stocks are 83,000 tons, South China 16,600 tons
.
2.
Longzhong data shows that the average weekly operating rate of PVC manufacturers in this cycle is 79.
94%, up 1.
19% month-on-month and 1.
87%
year-on-year.
Among them, the operating rate of calcium carbide method was 82.
20%, up 0.
96% month-on-month and 2.
99% year-on-year; The ethylene operating rate was 69.
40%, up 2.
30% month-on-month and down 3.
40%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8100 yuan / ton, +0
.

Warehouse receipt inventory: 1336 warehouse receipts, -20 sheets
.
Main positions: Top 20 long positions 166709, +1008, short positions 187156, +3774
.
Increased
headroom.

Summary: In November, PVC has new installations and is planned to be put into production, and the operating rate of enterprises has increased, indicating that the market supply has increased
.
However, affected by the maintenance and temporary shutdown of overseas installations, the supply of PVC in Europe and the United States has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, domestic calcium carbide prices continue to rise, and domestic PVC social inventories have decreased month-on-month, these factors have supported prices
.
But after continuous increases, short-term prices have been at a high level
.
In terms of operation, investors can set a take profit in the early stage and hold it cautiously, but it is not recommended to chase higher
.