PVC futures prices rushed back down and the pressure above began to appear

News: 1.
Wuhu Ronghui PVC plant is stopped, the annual production capacity of the enterprise is 50,000 tons, and there is no recovery plan
.
2.
Longzhong Information reported on July 27: The 100,000-ton PVC unit of Taiwen Salinization (formerly Taishan Salinization) was temporarily stopped on May 25, and there is currently no stock, and the factory price of the surrounding 5 types of materials is now reported at around 9200 yuan / ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9280 yuan / ton, +0
.

Warehouse receipt inventory: 1635 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 283725, -16535, short positions 264314, -16648
.
Net increase
.

Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to the severe power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, some calcium carbide PVC manufacturers have signs of reducing negative production, and the supply of PVC market has decreased
.
Domestic PVC social inventories have fallen month-on-month, indicating that there is little pressure on the supply side
.
The start of PVC downstream products enterprises is basically stable and still at a relatively low level, of which the start of flooring enterprises has increased
slightly.
The downstream operating rates in East China, North China and South China all remained at a moderately low level
.
Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
.
Formosa Plastics' lower August cargo quotation also suppressed prices to a certain extent
.
The intraday V2109 contract rushed higher and retreated, indicating that the upside pressure began to appear
.
Operationally, it is recommended that investors take the opportunity to take short positions on the rebound
.