PVC futures prices fell sharply and market supply increased

News: 1.
Longzhong Information reported on January 25: Last week's social inventory decreased by 0.
48% month-on-month and 23.
47% year-on-year; Among them, East China decreased by 2.
68% month-on-month and 20.
20% year-on-year; South China increased by 11.
26% month-on-month and decreased by 35.
75%
year-on-year.
East China 119,700 tons, South China 25,700 tons
.
2.
Last week, the average weekly operating rate of PVC production enterprises was 82.
10%, a decrease of 0.
36% month-on-month and a year-on-year increase of 5.
58%.

Among them, the operating rate of calcium carbide method was 83.
33%, a decrease of 1.
65% month-on-month and a year-on-year increase of 4.
57%; The ethylene process operating rate was 77.
23%, an increase of 4.
74% month-on-month and 9.
56%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7250 yuan / ton, +0
.

Warehouse receipt inventory: 8618 warehouse receipts, -297 stocks
.
Main positions: Top 20 long positions 273313, -20714; short positions 272237, -8633
.
Net excess decrease
.

Summary: PVC plant maintenance decreased, the operating rate of Gulf Chemical and Yantai Wanhua increased, and the market supply increased
.
Downstream demand With the approach of the Spring Festival and the impact of public health events, the enthusiasm of downstream goods has weakened
.
However, last week, social inventory continued to decrease by 0.
48% month-on-month and 23.
47% year-on-year, indicating that the market supply pressure is not large
.
The future market focuses on the progress of the Spring Festival preparation of downstream enterprises, and operationally, it is recommended that investors can reduce their holdings at high prices and put their bags in their pockets
.