PVC volume increase position, futures price shock rebound

News: 1.
It is understood that Taiwan's May shipping schedule quotation increased by $30 compared with April, mainly considering the impact of increased freight, the current quotation CIF India 1670 / China 1540 US dollars / ton, FOB price at 1490 US dollars / ton
.
2.
The overall supply of the calcium carbide market is still weak during the day: the Century Ferroalloy plant is
discontinued.
Inner Mongolia Junzheng an 81000KVA calcium carbide device maintenance, planned for 60 days
.
Two Baiyan Lake were overhauled, and the maintenance was planned for 50 days
.
Shuangxin Chemical is scheduled to overhaul two 33,000KVA calcium carbide units for 40 days and is currently in the recovery stage
.
The four calcium carbide installations of Ito Togyi are affected
by energy consumption.
The Ulanqab area was affected by power supply and there were power cuts
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8700 yuan / ton, +50
.

Warehouse receipt inventory: 3127 warehouse receipts, +427 sheets
.
Main positions: Top 20 long positions 203136, +14273, short positions 190613, +11316
.
Net increase
.

Summary: Overseas supply remains tight and prices remain firm
.
Formosa Plastics' increase in May shipping schedule quotations also supported
prices.
Domestic: the operating rate of domestic PVC downstream products enterprises increased slightly, and the terminal orders of pipe, floor and cable factories were relatively optimistic, but the profits were small; The start of production of profile products enterprises returned to the high level
of previous years.
Product enterprises replenished their inventory slightly, but the high price of raw materials has become a resistance
for some product enterprises to sign new orders.
Due to the different acceptance of the terminal, the price adjustment plan of the large pipe factory in the early stage was suspended, and the product enterprises made small profits or even lost money
.
Domestic social inventories continue to decrease, and the inventories of production enterprises are low, indicating that their pressure is not great
.
Inner Mongolia has issued a new policy to eliminate backward production capacity, but at present, it has little impact on calcium carbide, and the future market still needs to pay attention to the later development
of the new policy.