PVC volatility higher is in the rebound stage in the short term

News: Longzhong News reported on January 18: Last week's social inventory decreased by 4.
82% month-on-month and 5.
74% year-on-year; Among them, East China decreased by 5.
60% month-on-month and 5.
38% year-on-year; South China decreased by 0.
43% month-on-month and 7.
60%
year-on-year.
East China 123,000 tons, South China 23,100 tons
.

Longzhong data shows that the average weekly operating rate of PVC production enterprises in this cycle was 82.
46%, a decrease of 0.
35% from the previous month and an increase of 7.
22%
year-on-year.
Among them, the operating rate of calcium carbide method was 84.
99%, a decrease of 0.
85% month-on-month and a year-on-year increase of 7.
17%; The ethylene process operating rate was 72.
49%, an increase of 1.
60% month-on-month and 7.
41%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7120 yuan / ton, +20
.

Warehouse receipt inventory: 12801 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 308825, -3695, short positions 282943, +3715
.
Net excess decrease
.

Summary: Hebei public health events affected transportation, calcium carbide shipments were not smooth, prices slightly retreated, and PVC cost support weakened
.
PVC plant maintenance decreased, Gulf Chemical and Yantai Wanhua operating rates increased, and market supply increased
.
Last week, social inventory decreased by 4.
82% month-on-month and 5.
74% year-on-year; With the approach of the Spring Festival and public health events, the enthusiasm of downstream goods has weakened, and the overall supply and demand pressure has gradually increased
.
PVC2105 contract KDJ indicator formed a golden cross to turn upward, indicating that the short-term is in the rebound stage, the market pays attention to the pressure
in the 7200-7300 range.