Downstream demand recovered better, PVC futures prices fluctuated higher

News: 1.
Longzhong data shows that the average weekly operating rate of PVC production enterprises last week was 74.
33%, an increase of 0.
69% month-on-month and a year-on-year decrease of 6.
38%.

Among them, the operating rate of calcium carbide method was 74.
76%, a decrease of 0.
56% month-on-month and a year-on-year decrease of 7.
89%; The ethylene process operating rate was 72.
30%, an increase of 6.
54% month-on-month and 0.
69%
year-on-year.
2.
India's current monthly demand for PVC is about 270,000 tons, and about 140,000 tons
need to be imported.
Its domestic prices have been rising continuously, and Indian customers have expressed acceptance of price increases due to tight supply
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6720 yuan / ton, +0
.

Warehouse receipt inventory: 4381 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 147911, +9604, short positions 154970, +8424
.
Reduced
headroom.

Summary: In late September, PVC social inventory rebounded slightly, PVC has new installations and production plans, and it is expected that the supply will gradually increase in the later period to form a certain suppression
of prices.
But PVC prices in Asia have risen
.
There are still maintenance plans for installations in September, indicating that the pressure on PVC supply is not large
.
The increase in the operating rate of PVC downstream enterprises shows that downstream demand has recovered well, which supports the price of PVC
.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.