PVC futures prices fell sharply, and the bears still have an advantage

News: 1.
The ex-factory price of mainstream trade in the northwest calcium carbide market was lowered by 100 yuan / ton, and the price was 7800 yuan / ton.

The downstream reduces the operating load, demand weakens, and it is expected that the market price will be lowered tomorrow, and the shipment pressure of calcium carbide enterprises will increase
.
2.
The mainstream trade price in Wuhai area was lowered by 300 yuan / ton, the mainstream ex-factory price was 7500 yuan / ton, the overall start of construction has recovered and improved recently, the supply has increased, affected by public health events and weakened demand, and shipments are not smooth
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 10350 yuan / ton, -200
.

Warehouse receipt inventory: 3502 warehouse receipts, -1329 sheets
.
Main positions: Top 20 long positions 186760, +16561, short positions 198996, +16330
.
Reduced
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 National Development and Reform Commission has once again strengthened supervision, strictly investigated unlicensed coal storage sites, disrupted coal market prices, and the sharp fall in coal prices again has weakened the cost support
of PVC to a certain extent.
The V2201 contract was volatile lower during the day
.
Show that the bears still have the advantage
.