PVC futures prices fluctuated higher and market supply increased

News: 1.
Global PVC manufacturers will still usher in a large-scale maintenance period
in March.
India's Reliance Industries plans to conduct an annual overhaul of its 360,000-tonne-per-year PVC plant in Hazira in March, which is expected to last 15 days
.
Taiwanese Formosa Plastics has an overhaul plan in March, which is expected to involve units
with an annual output of 546,000 tons of PVC, 480,000 tons of vinyl chloride and 400,000 tons of EDC.
Shin-Etsu and Oxy Chemical had maintenance plans for their 1.
4 million and 1 million ton units in March, and Formosa Plastics, Louisiana, with an annual output of 513,000 tons in Baton Rouge, Louisiana
, had an overhaul plan in May.
PVC exports are expected to increase
in March.
2.
Affected by the tight supply in March, CFR China rose 50 to 1210 US dollars / ton, CFR Southeast Asia rose 30 to 1240 US dollars / ton, and CFR India stabilized at 1350 US dollars / ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7400 yuan / ton, +50
.

Warehouse receipt inventory: 8067 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 276420, +21627, short positions 277876, +22458
.
Increased
headroom.

Summary: PVC plant maintenance has decreased, the operating rate of Gulf Chemical and production enterprises has increased, and market supply has increased
.
With the approach of the Spring Festival and the impact of public health events, the operating rate of downstream enterprises has declined, and the enthusiasm of production enterprises to take goods has also weakened
.
However, last week, social inventory continued to decrease by 0.
48% month-on-month and 23.
47% year-on-year, indicating that the market supply pressure is not large, and Formosa's increase in March selling price also formed a certain support
for prices.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.