PVC futures price shock rebound It is recommended to wait and see for the time being

News: 1.
Longzhong data statistics show that as of October 17, the domestic PVC social inventory was 175,900 tons, a decrease of 9.
56% month-on-month and a year-on-year decrease of 22.
99%; Among them, East China was 139,900 tons, a decrease of 11.
17% month-on-month and a year-on-year decrease of 32.
74%; South China was 36,000 tons, down 2.
70% month-on-month and up 76.
47%
year-on-year.
2.
Longzhong data shows that the gross profit of calcium carbide method in East China this week was 2095 yuan / ton, an increase of 1120 yuan / ton
over last week.
The ethylene profit was 900 yuan / ton, down 1800 yuan / ton
from last week.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 12800 yuan / ton, -0
.

Warehouse receipt inventory: 6367 warehouse receipts, +681 receipts
.
Main positions: Top 20 long positions 197405,8331; short positions 213401, -4745
.
Reduced
headroom.

Summary: Last week, domestic PVC production enterprises increased by 1.
18% month-on-month at 70.
32%, but it was still lower than the same period last year
.
PVC downstream product enterprises have improved their start-up, and the enterprises that reduce the burden after the holiday have basically returned to normal, but there is still an indefinite time limit for electricity, and the downstream cost pressure is greater
.
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.
The output of calcium carbide and PVC companies is still unstable, and the V2201 contract rebounded sharply during the day, showing that there is pressure on it and support below, and the future market pays attention to whether the pressure on the 12080 line can be broken
.
Operationally, it is recommended that investors wait and see for the time being
.