PVC futures prices soared and fell back to insufficient market demand

News: 1.
Longzhong data statistics show that as of September 10, the domestic PVC social inventory was 158,700 tons, an increase of 13.
89% month-on-month and a year-on-year decrease of 41.
39%; Among them, East China was 124,700 tons, an increase of 17.
26% month-on-month and a year-on-year decrease of 45.
83%; South China was 34,000 tons, an increase of 3.
03% month-on-month and a year-on-year decrease of 16.
26%.

2.
Taiwan Formosa Plastics plans to announce that PVC quotations in October increased by $120-200 / ton from September, CFR India rose 200 to $1610 / ton, and CFR China rose 120 to $1390 / ton
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 10050 yuan / ton, +0
.

Warehouse receipt inventory: 7861 warehouse receipts, +1984 sheets
.
Main positions: Top 20 long positions 369609, -18065; short positions 323799, -10998
.
Net excess decrease
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, the domestic PVC social inventory has stopped falling and rebounded for many weeks, indicating that the market demand is insufficient
.
Last week, PVC downstream products enterprises started work slightly around, but demand is still tepid
.
The operating rate of large enterprises has increased slightly, and small enterprises have been affected by raw material prices, and some have a negative phenomenon
.
Inner Mongolia power rationing is still the same, calcium carbide supply is tight
.
Recently affected by hurricanes in the United States, the reduction in the supply of energy and chemical commodities is expected to form some support
for PVC.
However, coal has fallen sharply, the cost support of coal chemical industry has weakened, and after a continuous sharp rise, there are also certain pullback requirements
in the short term.
The V2201 contract fell back within the day, and investors can reduce their holdings in batches when they are more than high.