PVC futures price volatility lower short-term has a pullback requirement

News: 1.
The domestic BDO operating rate this week was 65.
2%, -15.
4%
month-on-month.
The domestic BDO industry output this week was 31,200 tons, down 07,300 tons from last week, and the industry capacity remained unchanged
during the same period.
BDO demand has weakened
.
2.
The 14th National Games will be held in Shaanxi from September 15 to September 27, 2021, and the opening ceremony will be held
at the Xi'an Olympic Sports Center on September 15, 2021.
In order to maintain road safety and ensure the success of the event, according to statistics, Shaanxi has a calcium carbide production capacity of 3 million tons and a PVC production capacity of 1.
55 million tons
.
It is expected to affect calcium carbide transportation
by then.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9960 yuan / ton, -90
.

Warehouse receipt inventory: 8097 warehouse receipts, +236 sheets
.
Main positions: Top 20 long positions 350537, -19072, short positions 304977
, -18822.
Net excess decrease
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, the domestic PVC social inventory has stopped falling and rebounded for many weeks, indicating that the market demand is insufficient
.
Last week, PVC downstream products enterprises started work slightly around, but demand is still tepid
.
The operating rate of large enterprises has increased slightly, and small enterprises have been affected by raw material prices, and some have a negative phenomenon
.
Inner Mongolia power rationing is still the same, calcium carbide supply is tight
.
Recently affected by hurricanes in the United States, the reduction in the supply of energy and chemical commodities is expected to form some support
for PVC.
However, coal fell sharply, and the cost support of coal chemical industry weakened, and after a continuous sharp rise.