PVC futures prices rushed back down short-term need to guard against technical corrections

News: 1.
Ulanqab City, Inner Mongolia has cancelled 32 major calcium carbide and alloy projects
under implementation.
The total investment involved is 43.
7 billion yuan.

2.
PVC enterprises have continued to reduce their load in the near future, mainly due to two aspects
.
First: the cost price of calcium carbide is too high, and the calcium carbide enterprises have been on the loss line, and the purchase has decreased
.
Second: In the current environment, under the dual effects of "power rationing" and "dual control of energy consumption", the market calcium carbide is in a shortage of supply, and foreign calcium carbide enterprises are forced to reduce production
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9880 yuan / ton, +30
.

Warehouse receipt inventory: 4388 warehouse receipts, +1698 sheets
.
Main positions: Top 20 long positions 392942, -5822, short positions 335141, +187
.
Net excess decrease
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, domestic PVC social inventories have stopped falling and rebounded for three consecutive weeks, indicating that the market supply is sufficient
.
Last week, PVC downstream products enterprises did not change much, and demand was tepid
.
The export of some enterprises' products was restricted by shipping, resulting in orders that were not as expected
.
Taiwan Formosa Plastics has a device overhaul this week, Inner Mongolia power cuts are still in place, and calcium carbide supply is tight
.
Recently, the United States has been affected by hurricanes, the supply of energy and chemical commodities has decreased, and the domestic coal trend is strong, which is expected to form some support
for PVC.
The V2201 contract fell sharply during the day, and it is necessary to guard against a technical correction
in the short term.