PVC futures prices rushed back down and there was little pressure on market supply

News: 1.
Longzhong Information reported on February 01: Last week's social inventory increased by 2.
75% month-on-month and decreased by 44.
67% year-on-year; Among them, East China decreased by 2.
59% month-on-month and 47.
00% year-on-year; South China increased by 27.
63% month-on-month and decreased by 34.
40%
year-on-year.
East China 116,600 tons, South China 32,800 tons
.
2.
Longzhong data shows that the average weekly operating rate of PVC production enterprises in the last cycle was 83.
17%, an increase of 1.
07% month-on-month and 9.
43%
year-on-year.
Among them, the operating rate of calcium carbide method was 83.
57%, an increase of 0.
24% month-on-month and 8.
07% year-on-year; The ethylene operating rate was 81.
58%, an increase of 4.
35% month-on-month and 14.
77%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7350 yuan / ton, +0
.
Warehouse receipt inventory: 8274 warehouse receipts, -82 sheets
.

Main positions: Top 20 long positions 263707, -17438, short positions 260754, -16451
.
Net excess decrease
.

Summary: PVC plant maintenance has decreased, the operating rate of Gulf Chemical and production enterprises has increased, and market supply has increased
.
With the approach of the Spring Festival and the impact of public health events, the operating rate of downstream enterprises has declined, and the enthusiasm of production enterprises to take goods has also weakened
.
However, last week, social inventory continued to decrease by 0.
48% month-on-month and 23.
47% year-on-year, indicating that the market supply pressure is not large
.
The future market focuses on the progress of the Spring Festival preparation of downstream enterprises, and operationally, it is recommended that investors can reduce their holdings at high prices and put their bags in their pockets
.