PVC futures price rebound blocked There is still some pressure above

News: 1.
Longzhong data statistics show that as of October 31, the domestic PVC social inventory was 162,000 tons, a decrease of 2.
88% month-on-month and a year-on-year decrease of 9.
35%; Among them, East China was 126,000 tons, down 0.
63% month-on-month and 19.
23% year-on-year; South China was 36,000 tons, down 10.
00% month-on-month and up 58.
59%
year-on-year.
2.
The purchase price of calcium carbide in Northeast China fell sharply by about
600 yuan.
Among them, the purchase price of Shenyang Chemical was reported at 7095 yuan / ton; The purchase price of Heilongjiang Haohua was reported at 7130 yuan / ton; The purchase price of Hangjin Technology is reported at 7070 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 10,000 yuan / ton, -350
.

Warehouse receipt inventory: 2482 warehouse receipts, -280 receipts
.
Main positions: Top 20 long positions 191992, +8500, short positions 215106, +7396
.
Reduced
headroom.

Summary: Last week, the operating rate of domestic PVC enterprises was 74.
89%, an increase of 3.
09% month-on-month and 3.
79% year-on-year, and market supply increased
.
The operating rate of PVC downstream products enterprises has increased and increased, but the increase is more than the decrease.

In some areas, the electricity load is affected by the irregular time limit, and the start of some product enterprises has risen to around
60%.
As of October 31, the domestic PVC social inventory was 162,000 tons, both down year-on-year, indicating that the pressure on the supply side is not great
.
The obvious decline in the price of calcium carbide in the northeast has weakened the cost support
of PVC.
The intraday V2201 contract rally was blocked, indicating that there is still some pressure
above it.