PVC futures prices rushed back down and are still in high volatility

News: 1.
Last week, the total output of 24 production enterprises fell by 5.
71% compared with last week, mainly due to the tight supply of calcium carbide and the decline in the start of foreign calcium carbide enterprises
.
The total shipment of 24 PVC manufacturers increased by 12.
24%
compared with last week.
The overall transaction situation is good
.
The overall operation of PVC downstream increased slightly, and some factories appropriately replenished inventory
.
2.
The market focuses on when the problem of dual control in Inner Mongolia will ease
.
In the closing year of the 13th Five-Year Plan in 2020, none of the 12 league cities in Inner Mongolia achieved the target of reducing energy intensity in the 13th Five-Year Plan
.
In the first year of the "14th Five-Year Plan", Inner Mongolia has a long way to go to control energy consumption
.
Faced with the first quarter assessment and the semi-annual assessment, it is estimated that it will be difficult to relax
the dual control policy in the first half of the year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8950 yuan / ton, +0
.

Warehouse receipt inventory: 2838 warehouse receipts, -200 sheets
.
Main positions: the top 20 long positions 214780, +4605, short positions 205559, -1901
.
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 operating rate of PVC production enterprises in the last cycle fell month-on-month, but it was still higher than the same period last year
.
Among them, the operating rate of calcium carbide method was 78.
08%, down 2.
33% month-on-month and 3.
30% year-on-year; The ethylene operating rate was 80.
38%, an increase of 0.
75% month-on-month and 19.
44%
year-on-year.
The overall operating rate of domestic PVC downstream products enterprises increased slightly, among which the fields of profiles and granulation increased
slightly.
The start of PVC pipe is stable overall, and there is little change
.
Terminal order acceptance is
weak.
Last week, domestic PVC social inventory increased by 3.
24% month-on-month and decreased by 31.
56%
year-on-year.
Warehouse inventory in East China continued to maintain a downward trend, down 3.
26% month-on-month and 22.
64%
year-on-year.
South China increased by 15.
05% month-on-month and decreased by 45.
79%
year-on-year.
East China was 234,400 tons, and South China was 107,000 tons
.
The inventory of PVC production enterprises decreased by 12.
17% month-on-month, and the pre-sales of enterprises increased by 23.
83%
month-on-month.
PVC social inventory is much lower than the same period last year, indicating that there is little pressure on production enterprises
.
At present, PVC is still in high volatility, it is recommended that investors can reduce their holdings at high prices and drop their pockets
.