PVC futures price volatility rises, the rebound is expected to continue

News: 1.
Longzhong data statistics show that 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%; Among them, East China was 119,800 tons, down 4.
92% month-on-month and 8.
55% year-on-year; South China was 34,000 tons, down 5.
56% month-on-month and up 79.
89%
year-on-year.
2.
On November 10, 2021, some calcium carbide enterprises in Inner Mongolia stopped furnaces and reduced load production
.
The mainstream ex-factory price in Ulanqab is 4400-4455 yuan / ton, and the mainstream ex-factory price in Wuhai is 4000-4100 yuan / ton, and the actual transaction is mainly
negotiation.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9400 yuan / ton, +0
.

Warehouse receipt inventory: 5023 warehouse receipts, +1091 sheets
.
Main positions: Top 20 long positions 206320, +15544, short positions 195113, +526
.
Net idling to net more
.

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 continued to rally chophorically and broke through the suppression of the 10-day moving average, indicating that the rally is expected to continue
.