PVC futures prices fluctuated higher, indicating that the bulls still have the advantage

News: 1.
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.
PVC imports in August 2021 were 48,200 tons, an increase of 33.
89%
month-on-month.
Among them, general trade imports are 16,500 tons, import/processing 31,100 tons; the main import sources are Thailand 11,500 tons, the United States 07,500 tons, Taiwan 012,000 tons, Malaysia 0050000 tons, Germany 0.
02 tons
, Indonesia 002000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 PVC exports in August were 68,900 tons, an increase of 10.
95%
month-on-month.
General trade exports are 56,200 tons, the main export places Russia 09,500 tons, Vietnam 08,100 tons, Nigeria 07,800 tons, Kazakhstan 07,700 tons, India 05,900 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 10700 yuan / ton, +400
.

Warehouse receipt inventory: 7929 warehouse receipts, -40 sheets
.
Main positions: Top 20 long positions 339965, -6197, short positions 306434, +2071
.
Net excess decrease
.

Summary: PVC operating rates rebounded month-on-month last week, and PVC market supply increased
.
Domestic PVC social inventories have rebounded for five consecutive weeks, indicating an increase
in supply.
Last week, PVC downstream products enterprises started to differentiate, and the operating rate of large enterprises was still relatively stable, but small enterprises were limited by electricity and production costs were high, and there were signs of
reducing production.
Overall downstream operating rates are expected to remain stable
.
Inner Mongolia power rationing is still the same, calcium carbide supply is tight
.
Recently, the National Development and Reform Commission issued the "Barometer of the Completion of Dual Control Targets for Energy Consumption in Each Region in the First Half of 2021", and the energy intensity of 9 provinces (regions) in China did not decrease but increased in the first half of the year, which was a first-level warning
.
Yulin City requires local coal chemical enterprises to reduce production by 50% in the fourth quarter, and the impact on calcium carbide is expected to increase
.
Jiangsu, Yunnan and other places also have signs of upgrading the dual control of
energy consumption.
The V2201 contract was volatile and higher during the day, indicating that the bulls still have the advantage
.