PVC futures prices rose to close supply tensions continued

News: 1.
Last week, domestic PVC social inventory increased by 13.
29% month-on-month and decreased by 20.
96% year-on-year; Among them, East China increased by 8.
37% month-on-month and decreased by 12.
14% year-on-year; South China increased by 35.
60% month-on-month and decreased by 42.
05%
year-on-year.
East China 246,000 tons, South China 67,800 tons
.
2.
The domestic calcium carbide Shaanxi region increased by 50-100 yuan / ton, and the trade price was 3300-3350 yuan / ton
.
The self-pickup price in Shanxi was raised by 50 yuan / ton, the overall supply of goods in the current market is tight, Wuhai area plans to increase by 100 yuan / ton, and the mainstream factory price is 3400 yuan / ton
.
It is expected that the domestic calcium carbide purchase price will still be adjusted regionally to supplement the supply
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8580 yuan / ton, +580
.

Warehouse receipt inventory: 9669 warehouse receipts, +800 sheets
.
Main positions: Top 20 long positions 230953, -6331; short positions 259137, -7821
.
Reduced
headroom.

Summary: During the long holiday, the United States suffered from extreme cold shock, resulting in large-scale power outages, and the production load of many PVC-related installations decreased
.
In Europe, the PVC plant Tavaux was shut down due to a production line failure and the date of reopening was undecided
.
South Korea, Taiwan, and India also have shutdowns and maintenance, and the tight global PVC supply situation continues during
the long holiday.
The Indian market price jumped more than $50/mt, and the CFR India price exceeded $1400/mt
.
Domestically, during the long holiday, domestic PVC production enterprises started normally, and downstream enterprises were affected by the New Year in the place of employment, and the downstream operating rate is expected to recover
early.
Operationally, investors can still hold long positions
cautiously.