PVC futures price is weak and volatile, there is pressure and support below

News: 1.
Longzhong data statistics show that as of October 24, the domestic PVC social inventory was 166,800 tons, a decrease of 5.
17% month-on-month and a year-on-year decrease of 16.
93%; Among them, East China was 126,800 tons, a decrease of 9.
36% month-on-month and a year-on-year decrease of 28.
76%; South China was 40,000 tons, an increase of 11.
11% month-on-month and 75.
44%
year-on-year.
2.
The mainstream trade price of calcium carbide in Wuhai area was lowered by 100 yuan / ton, and the mainstream ex-factory price was 7900 yuan / ton, and the overall start of construction has recovered and improved recently, and the supply has increased
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 11200 yuan / ton, -600
.

Warehouse receipt inventory: 5088 warehouse receipts, -220 sheets
.
Main positions: the top 20 long positions 181632, -6196, short positions 184562, -1305
.
Increased
headroom.

Summary: Last week, the operating rate of domestic PVC enterprises was 72.
24%, an increase of 1.
98% month-on-month, a year-on-year decrease of 1.
17%, and market supply increased
.
The operating part of PVC downstream product enterprises has declined, and the electricity in some areas has affected the operating load within an irregular time limit, and the start of some product enterprises has dropped to around
50%.
As of October 17, the domestic PVC social inventory was 175,900 tons, down 9.
56% month-on-month and 22.
99% year-on-year, indicating that there is little pressure on the supply side
.
The NDRC has strengthened supervision and strictly investigated and dealt with capital malicious speculation on coal, which is expected to suppress coal prices, thereby weakening the cost support
of PVC.
The V2201 contract was weak and volatile
during the day.
The display is pressure on top and support
on the bottom.