PVC futures prices rebounded and overseas prices also remained firm

News: 1, Longzhong Information reported on October 26: As of the end of last week, domestic PVC social inventory decreased by 12.
08% month-on-month, and increased by 10.
33% year-on-year, of which East China inventory was 178,000 tons, down 14.
42% month-on-month, increased 15.
58% year-on-year, and South China inventory reported 22,800 tons, an increase of 11.
76% month-on-month and a year-on-year decrease of 18.
57%.

2.
Last week, the export price of vinyl chloride in the United States was 925 US dollars / ton FOB USG, and the domestic price of vinyl chloride monomer in the United States was 52 cents / pound
.
The Asian vinyl chloride market continued to raise by $5/mt at $905/mt CFR in Northeast Asia and $925/mt CFR in Southeast Asia
.
The northwest European VCM market rose $80 to $880
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7000 yuan / ton, -0
.

Warehouse receipt inventory: warehouse receipt 1759, -80 sheets
.

Main positions: Top 20 long positions 143094, +7179, short positions 130337, +2931
.
Reduced
headroom.

Summary: Domestic PVC social inventory is higher than the same period last year
.
And after entering the middle and late October, PVC has a new device and a plan to put into production, and it is expected that the supply will gradually increase in the later period to form a certain suppression
of prices.
However, due to the maintenance of overseas installations, VCM prices in Europe and the United States rose sharply, and the price trend of overseas PVC also remained firm, and Formosa Plastics' increase in PVC prices in November also supported the price, and these factors supported
the price.
Operationally, it is recommended that investors wait and see for the time being
.