PVC contracts closed up in volatility The overall supply and demand pressure of the market is greater

News: 1.
This week's social inventory increased by 32.
21% compared with last week and 8.
10% year-on-year; Among them, East China increased by 35.
87% month-on-month and 14.
30% year-on-year; South China increased by 14.
85% month-on-month and decreased by 17.
14%
year-on-year.
East China 130,300 tons, South China 23,200 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7100 yuan / ton, +0
.

Warehouse receipt inventory: 8001 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 310453, +6575, short positions 276926, +5169
.
Net increase
.

Summary: Saudi Arabia's voluntary additional production cuts and expectations of possible stronger economic stimulus in the United States supported the oil market, and the rise in crude oil boosted the chemical market
.
The power rationing policy was lifted, and calcium carbide production began to recover, but the overall recovery was still insufficient, and short-term calcium carbide stabilized operation
.
PVC plant maintenance has decreased, the operating rate has rebounded significantly, and the market supply has also increased
.
This week's social inventory increased by 32.
21% month-on-month and 8.
10%
year-on-year.
Downstream demand has not changed much, but with the approach of the Spring Festival and public health events, the downstream may stop work early for holidays, and the overall supply and demand pressure is greater
.
PVC2105 contract KDJ indicator formed a golden cross turn upward, short-term below focus on the support near the five-day line, intraday recommended near the five-day line long order continue to hold, stop loss 6900
.