Domestic social inventories declined, and PVC futures prices fluctuated at a high level

News: 1.
Domestic PVC output in October 2020 was 1.
7637 million tons, an increase of 3.
98% from September and 5.
76% year-on-year; The cumulative output from January to September was 17.
0025 million tons, an increase of 3.
44%
over last year.
2.
Affected by factors such as power cuts in Wuhai and the Ukrainian League, the operating rate of 31 sample enterprises (involving a production capacity of 15.
41 million tons) of Longzhong Information decreased
last week.
It was reported at 79.
1%, down 3.
1%
month-on-month.
Calcium carbide supply decreased slightly and prices firmed
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7430 yuan / ton, +130
.
Warehouse receipt inventory: 1524 warehouse receipts, -0 receipts
.

Main positions: Top 20 long positions 212356, +1509, short positions 219485, +2555
.
Increased
headroom.

Summary: After entering the middle and late October, PVC has a new device and a production plan, and it is expected that the supply will gradually increase in the later period to form a certain suppression
of the price.
However, due to the maintenance of overseas equipment, the price of VCM in Europe and the United States has risen sharply, and the price trend of overseas PVC has also remained firm, and Formosa Plastics' increase in PVC prices in November has also supported the price, in addition, the domestic PVC social inventory has decreased month-on-month this week, these factors have supported
the price.
In terms of operation, it is recommended that investors can reduce their holdings when they rush high, and take them back
after the return.