PVC futures prices fluctuated higher, and the short-term trend has become stronger

News: 1.
The output of domestic PVC manufacturers in May 2021 is estimated to be 1.
85 million tons, a decrease of 1.
52% from the previous month and a decrease of 3.
80%
from last year.
Mainly due to the fact that the maintenance of the equipment in May was still relatively concentrated, the monthly output still showed a significant decline
.
2.
Among the 31 sample enterprises of Longzhong Information last week, the production capacity involved 15.
41 million tons, and the sample operating rate was 77.
69%, down 6.
85% from last week.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9300 yuan / ton, +200
.

Warehouse receipt inventory: 6495 warehouse receipts, -237 stocks
.
Main positions: Top 20 long positions 276879, +1087, short positions 236669, +1154
.
Net excess decrease
.

Summary: India's severe epidemic, weakening demand, increased overseas supply, Taiwan Formosa Plastics cut June cargo quotations, which suppressed
Asian market prices.
Domestic: PVC operating rate fell slightly last week, and market supply decreased
.
Domestic PVC social inventories have decreased year-on-year, indicating that there is not much
pressure on suppliers at present.
The operating rate of downstream enterprises is basically stable
.
In South China, due to the peak shift production operating rate, the operating rate of Xinjiang enterprises continued to remain low, downstream enterprises did not have many orders, and the enthusiasm for stocking was not high
.
The National Assembly twice talked about the issue of commodity prices, which triggered market expectations for price control and suppressed
prices to a certain extent.
Today's V2109 contract is volatile higher, and the short-term trend has strengthened
.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.