Interest rate hike boots landed PVC futures prices run strongly

Futures market: as of 9.
22, the main PVC closed at 6230 yuan / ton, up 2.
35% from the previous month; Top 20 main long positions: 389185 (-17188), short positions: 454973 (-41128), net short positions: 65788 (-24432).

Spot and enterprise dynamics: as of 9.
22, East China (calcium carbide method) quotation: 6380 yuan / ton (+100); South China (calcium carbide method) quotation: 6475 yuan / ton (+100); Inner Mongolia Sanlian 400,000 tons of PVC plant started construction of about 90%, maintained pre-sale, 5 type calcium carbide acceptance factory quotation of 6,000 yuan / ton; The 400,000-ton unit of Ningxia Jinyuyuan PVC new plant began maintenance on September 18, and it is planned to take about
10 days.
The intraday quotation was adjusted by 50 yuan / ton, the 5-type calcium carbide acceptance factory was 6100-6150 yuan / ton, and the 3-type high was 200 yuan / ton, and the order was general
.

Basis: as of 9.
22 South China basis +245; East China basis +150; basis slightly weakened
.
Upstream raw materials: as of 9.
22, North China calcium carbide quotation was 4060 yuan / ton, no change from yesterday's price; Shaanxi Lanchar quoted 1480 yuan / ton, no change
from yesterday's price.

At present, PVC fundamentals are relatively calm, prices are dragged down by inventory and demand, spot ends rise with the futures market, and although the mainstream quotation center of gravity has moved up, the enthusiasm of terminal procurement is general.

The real estate "guaranteed delivery" policy has not yet seen a substantial release
of the current PVC demand.
Supply increased while demand continued to be sluggish, no effective destocking was seen, and inventories rose against the season, further suppressing prices
.