PVC futures prices fluctuated higher and market supply increased

News: 1.
The number of gloves exported throughout 2017-2019 is relatively stable, between 42 billion and 48 billion
pairs.
In 2020, the number of gloves exported was 71.
8 billion pairs, an increase of 67.
75%
compared with 2019.
2.
The overall operating rate of domestic PVC downstream products enterprises this week is better, worried about the postponement of resumption of work after the Spring Festival, some downstream large factories have properly made product inventories this week, and PVC procurement volume has increased
month-on-month.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7350 yuan / ton, +0
.

Warehouse receipt inventory: 8274 warehouse receipts, -82 sheets
.
Main positions: Top 20 long positions 284786, +6292, short positions 275766, +6747
.
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 set a take profit and hold it
cautiously.