PVC prices rushed back down Short-term support factors remain

News: 1.
Formosa Plastics and Westlake chemical plants in the United States have not fully resumed production, and the US export price continues to rise to 1275 US dollars / ton FOB, a new high
in 12 years.
As a number of units entered the maintenance period, European spot supplies were tight, and spot supplies in northwest Europe rose 20 euros to 920 euros / tonne
.
In the Asian market, Hanwha LG Chem was also tight due to upstream fires, and prices continued to rise by $
20-40.
2.
Within days, Inner Mongolia Junzheng, Shaanxi Beiyuan, Inner Mongolia Baiyanhu Chemical, Shanxi Yushe, Shenyang Chemical and other enterprises have raised the purchase price
of calcium carbide.
Inner Mongolia Junzheng gas volume first-class calcium carbide increased by 50 yuan / ton within the day, and the factory was 3750 yuan / ton, and the shipment was smooth
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8600 yuan / ton, +150
.

Warehouse receipt inventory: 561 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 175089, -12392, short positions 187861, 8819
.
Increased
headroom.

Summary: In December, PVC has new installations and production plans, and the company's maintenance equipment has decreased, and the market supply is expected to increase
.
However, affected by the maintenance and temporary shutdown of equipment in Europe, the United States, South Korea and Japan, the supply of PVC in Europe, the United States, South Korea and Japan has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, the domestic calcium carbide price continues to rise, and the domestic PVC social inventory has decreased month-on-month, these factors have supported the price
.
In terms of operation, investors can set a take profit in their hands and hold
them cautiously.