PVC shrinkage and position reduction, futures price volatility lower

News: 1, according to Longzhong survey: the current start and transaction in the entire downstream of East China is not very good, many downstream factory workers have not yet arrived, return to normal will be around mid-March, the current PVC and plasticizer prices are high, pipes, profile products have appeared in a loss state, some manufacturers have raised the price of products, but the advantages of small factories are not obvious, it is difficult to keep up
.
The start of large and medium-sized enterprises is relatively stable
.
PVC has not been traded very well recently
.
2.
New report on the purchase price in Shandong within the day: the purchase price of Dezhou Shihua calcium carbide is reported at 4380 yuan / ton; The purchase price of Lutai calcium carbide was reported at 4510 yuan / ton; The purchase price of Dongyue calcium carbide was reported at 4600 yuan / ton; The purchase price of Taishan salinization was reported at 4480 yuan / ton; The purchase price of Jining Zhongyin calcium carbide was reported at 4450 yuan / ton, an increase of about 40 yuan from the previous day, and the arrival status was acceptable
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8700 yuan / ton, -80
.

Warehouse receipt inventory: 6214 warehouse receipts, -78 sheets
.
Main positions: Top 20 long positions 20665, -5907; short positions 218394, -7743
.
Reduced
headroom.

Summary: There are installations in the United States, Europe and Asia, and overseas supply is still tight
.
Last week, domestic PVC social stocks decreased
.
Although domestic PVC production in February fell month-on-month, it was still much higher than the same period last year, and production in the first two months of 2021 was also higher than the same period last year, indicating sufficient
domestic supply.
The resumption of work of downstream enterprises is earlier
than in previous years.
However, due to the rapid rise in prices after the holiday, the cost of enterprises has risen, profit margins have been compressed, the operating rate of downstream enterprises has not increased significantly, and the output of production enterprises has decreased
.
It is expected to limit the rise of PVC to some extent
.
Operationally, investors can take a small amount of short
positions on the high.