PVC futures prices fluctuated lower and market supply increased

News: 1.
Longzhong data statistics show that as of June 7, the domestic PVC social inventory was 162,600 tons, down 6.
12% month-on-month and 48.
05% year-on-year; Among them, East China was 117,600 tons, down 6.
07% month-on-month and 47.
50% year-on-year; South China was 45,000 tons, down 6.
25% month-on-month and 49.
44%
year-on-year.
2.
As of the week of June 03, 2021, among the 31 calcium carbide sample enterprises of Longzhong Information, the production capacity was 15.
41 million tons, and the sample operating rate was 79.
37%, up 1.
68%
from last week.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9150 yuan / ton, -100
.

Warehouse receipt inventory: 5541 warehouse receipts, -589 sheets
.
Main positions: Top 20 long positions 258993, -3747, short positions 220338, -5158
.
Net increase
.

Summary: Increased overseas supply and Taiwan's Formosa Plastics cut its June cargo quotation to suppress
Asian market prices.
Domestic: PVC operating rate rose slightly this week, and market supply increased
.
Last week, domestic PVC social inventories decreased month-on-month, indicating that there is not much
pressure on suppliers at present.
In addition to the impact of the off-season, power cuts in South China and road transportation caused by the epidemic have affected the decline
in the start of product enterprises in Foshan.
Some enterprises said that the off-season has made it more difficult to sell factory products, and if there is no improvement in the later period, there is still an expectation
of continuing to reduce the negative.
The National Assembly has talked about commodity prices three times, which has triggered market expectations for price control and suppressed
prices to a certain extent.
The V2109 contract was volatile lower during the day, indicating that the current upside pressure remains
.