PVC futures price shock rebound is still subject to the 10-day moving average

News: 1, November 2, Japan Zhongyuan Chemical issued a price increase notice that will increase the sales price of PVC from November 20, the increase is 40 yen / kg (about 2237 yuan / ton), in addition to general PVC, the price increase also includes PVC paste resin and other special grades of PVC
.
2.
The overall operating load in Inner Mongolia has increased, and the power rationing situation has also improved
.
However, calcium carbide prices continue to decline, as of November 5, the mainstream ex-factory price in Wuhai is 4500-4700 yuan / ton, falling below the cost of enterprises, and some enterprises have successively reduced load or stopped production under cost pressure
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9400 yuan / ton, +100
.

Warehouse receipt inventory: 3932 warehouse receipts, +60 sheets
.
Main positions: Top 20 long positions 190766, -16896, short positions 194587, -11377
.
Net multi-turn headroom
.

Summary: Last week, the operating rate of PVC production enterprises was 73.
13%, down 1.
77% month-on-month and 2.
27% year-on-year, and market supply was reduced
.
The start of PVC downstream products enterprises has not changed much, and most of them maintain the original operation, and only individual enterprises fine-tune
according to their own orders.
As of November 7, the domestic PVC social inventory was 153,800 tons, a decrease of 5.
06% month-on-month and a year-on-year increase of 2.
60%.

The intraday V2201 contract continues to rally choppy, but remains constrained by the 10-day moving average, indicating that there is still some pressure
above it.