PVC futures price volatility lower There is still some pressure above

News: 1.
The total sales volume of PVC in the United States in May was 1.
332 billion pounds, of which 292 million pounds were exported, up 13% from 258 million pounds in April and down 40%
from 489 million pounds in the same period last year.
U.
S.
domestic sales approached 1.
04 billion pounds in May, up 3.
5 percent from 1.
005 billion pounds in April and 32.
6 percent
from 784 million pounds in the same period last year.
U.
S.
production in May was 1.
335 billion pounds, up 0.
2% from sales; Reflecting strong demand in the U.
S.
domestic market, low inventories, sales volumes comparable to production, and steady recovery
in U.
S.
supply.
In February and May, China's exports of PVC were 246,500 tons, -28,500 tons month-on-month, down 10.
36%; Compared with the same period last year, it increased by 207,600 tons, or 533.
25%.

From January to May 2021, China exported a total of 1.
1 million tons of PVC, an increase of 799,100 tons or 265.
55%
over the same period last year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9000 yuan / ton, -0
.

Warehouse receipt inventory: 2985 warehouse receipts, -880 sheets
.
Main positions: Top 20 long positions 274011, -11584; short positions 247185, -1918
.
Net excess decrease
.

Summary: PVC operating rates continued to rise slightly month-on-month last week, and market supply increased
.
At present, the large-scale maintenance of PVC production enterprises has ended, and there are fewer maintenance enterprises in the later stage, and the operating rate of the PVC industry as a whole shows a rebound trend
.
The operating rate of downstream product enterprises has not changed much, only a few enterprises have a slight decline, others are stable, and the current product enterprises are in the off-season, and the difficulty of sales has increased
.
Formosa Plastics lowered its July cargo quotation and significantly reduced exports in May, both of which suppressed
prices.
The V2109 contract fluctuated lower during the day, indicating that there is still some pressure
above.