PVC futures prices fluctuated lower and the market supply was still sufficient

News: 1.
Last week, PVC social warehouses were 338,600 tons, an increase of 0.
36% from the previous month and a decrease of 34% from the same period last year; Among them, the inventory in East China was 229,000 tons, down 2.
30% month-on-month and 27.
76% year-on-year; Stocks in South China are 109,600 tons
.
It increased by 6.
41% month-on-month and decreased by 44.
08%
year-on-year.
2.
In January 2021, PVC flooring materials were exported 459,900 tons, an increase of 38% year-on-year, mainly exported to the United States 247,900 tons and Canada 36,600 tons
.
In February, PVC flooring materials were exported 350,200 tons, an increase of 59% year-on-year, mainly exported to the United States 185,900 tons and Canada 30,100 tons
.
The total was 810,100 tons, an increase of 46.
57%
year-on-year.
At present, most foreign orders have been scheduled for May-June this year, and it is expected that the annual export data of PVC flooring materials in 2021 is expected to reach a new high
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8800 yuan / ton, -150
.

Warehouse receipt inventory: 2838 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 203342, -11438; short positions 190650, -14909
.
Net increase
.

Summary: The United States, Europe, Japan and South Korea have all stopped their installations, overseas supply is still tight, and Formosa Plastics has sharply raised its April shipping schedule quotation by $
300.
It also supports the price
.
Domestic: Inner Mongolia dual-control stone supply is tight, and prices have risen, pushing up the production cost
of PVC.
The pre-sales of domestic enterprises increased by 23.
83%
month-on-month.
The start of domestic PVC downstream pipe enterprises is basically stable and has not changed much, but the acceptance of new orders at the terminal is weak, resulting in downstream enterprises not being willing to take goods, and the resistance to high-priced goods is obvious
.
PVC social inventory increased slightly month-on-month, indicating that the current PVC market supply is still sufficient
.
Technically, the short-term PVC trend has weakened, and it is recommended that investors can set a take profit and hold it
cautiously.