PVC opens high and goes low, and the pressure above the futures price is still large

News: 1, the current domestic PVC market continues to shock and sort out, upstream PVC production enterprises sales pressure is not large, the intermediate relief transportation has not been affected by other factors, East China, South China arrival gradually appeared, the current downstream area terminal products orders and procurement is slightly weak, the overall supply and demand side is still a game
.
Market merchants are afraid of falling mentality, and the willingness to stock goods at the end of the year is not high, and they are mainly
wait-and-see.
2.
With the implementation of China's dual control policy on energy consumption, calcium carbide, as a high-energy-consuming product, has caused obvious restrictions on the start of calcium carbide, and it is expected that the overall calcium carbide export volume may decrease in 2021, with an average monthly export of about
10,000 tons.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9250 yuan / ton, -0
.

Warehouse receipt inventory: 1596 warehouse receipts, -788 sheets
.
Main positions: Top 20 long positions 183552, -6089, short positions 207325, +18875
.
Net multi-turn headroom
.

Summary: Last week, the operating rate of PVC production enterprises reported 77.
90%, an increase of 2.
57% month-on-month and a year-on-year decrease of 1.
04%; PVC production increased slightly to 427,200 tons, up 3.
35% month-on-month and 1.
86%
year-on-year.
As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, PVC downstream products enterprises started basically steadily
.
The production of plates and soft products is acceptable, and the start of hard products is weak
.
Terminal demand in the north is not good, product companies have limited new orders, and demand is expected to weaken
as the weather turns cold.
As of November 28, the domestic PVC social inventory was 154,700 tons, an increase of 8.
11% month-on-month and 109.
91% year-on-year, and the current inventory has been higher than the level of the same period last year, indicating that the recovery of downstream demand is insufficient
.
The intraday V2201 contract opened higher and lower, indicating that the pressure above it is still high
.