PVC futures prices are weak and volatile, and market supply has increased

News: 1.
In September 2021, domestic PVC production decreased
significantly.
Data show that in September 2021, China produced a total of 1,592,100 tons of PVC, -267,400 tons, an increase of -14.
38%, and -104,100 tons, an increase of -6.
14%.

From January to September 2021, China produced a total of 16.
8665 million tons of PVC, an increase of 1.
6312 million tons over the same period last year, a year-on-year increase of 10.
71%.

It can be seen from the output trend chart that domestic PVC production decreased in September, mainly due to factors such as dual control of energy consumption and power rationing
.
2.
Longzhong data statistics show that the apparent consumption of domestic PVC in September 2021 was 1.
7861 million tons, a decrease of 4.
45% from August and an increase of 2.
54% from September last year, and the cumulative apparent consumption from January to September was 16.
11283 million tons, an increase of 2.
58%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 15500 yuan / ton, -650
.

Warehouse receipt inventory: 4831 warehouse receipts, -257 sheets
.
Main positions: Top 20 long positions 170199, -11433, short positions 182666, -1896
.
Increased
headroom.

Summary: Last week, the operating rate of domestic PVC enterprises was 72.
24%, an increase of 1.
98% month-on-month, a year-on-year decrease of 1.
17%, and market supply increased
.
The operating part of PVC downstream product enterprises has declined, and the electricity in some areas has affected the operating load within an irregular time limit, and the start of some product enterprises has dropped to around
50%.
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, indicating that there is little pressure on the supply side
.
The V2201 contract was weak and volatile
during the day.
The display is pressure on top and support
on the bottom.