PVC futures price low recovery shows that there is still some support below

News: 1.
The price of PVC market in Guangzhou was slightly reduced, the mainstream of calcium carbide type 5 was 9200-9300 yuan / ton, and the ethylene method was 9430 yuan / ton for 1000 small packets.

2.
The purchase price in Northeast China is basically stable
.
Shenyang chemical purchase price reported 5545 yuan / ton; The purchase price of Heilongjiang Haohua was 5580 yuan / ton; The purchase price of Hangjin Technology is 5520 yuan / ton, and the arrival situation is general, and the order is honest
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9250 yuan / ton, -30
.

Warehouse receipt inventory: warehouse receipts 1554, -81 sheets
.
Main positions: the top 20 long positions 274925, -8800, short positions 256914, -7400
.
Net excess decrease
.

Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to the severe power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, some calcium carbide PVC manufacturers have signs of reducing negative production, and the supply of PVC market has decreased
.
Domestic PVC social inventories have fallen month-on-month, indicating that there is little pressure on the supply side
.
The start of PVC downstream products enterprises is basically stable and still at a relatively low level, of which the start of flooring enterprises has increased
slightly.
The downstream operating rates in East China, North China and South China all remained at a moderately low level
.
Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
.
Formosa Plastics' lower August cargo quotation also suppressed prices to a certain extent
.
The V2109 contract rebounded during the day, indicating that there is still some support
below.