PVC futures prices fluctuated higher, indicating that the bulls still have the advantage

News: 1.
Longzhong data statistics show that as of September 6, the domestic PVC social inventory was 139,300 tons, 1.
16% month-on-month accumulation and 47.
27% year-on-year destocking; Among them, East China was 106,300 tons, 0.
57% month-on-month accumulation and 52.
54% year-on-year destocking; South China was 33,000 tons, 3.
12% month-on-month and 17.
91%
year-on-year.
2.
Last week, the operating rate of 31 calcium carbide sample enterprises (involving a production capacity of 15.
41 million tons) was 69.
7%, down 9.
67%
from the previous week.
The supply of calcium carbide remains tight
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9600 yuan / ton, +0
.

Warehouse receipt inventory: 2690 warehouse receipts, +1107 sheets
.
Main positions: the top 20 long positions 382183, +102768; short positions 322396, -4431
.
Net idling to net more
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, domestic PVC social inventories have stopped falling and rebounded for three consecutive weeks, indicating that the market supply is sufficient
.
Last week, PVC downstream products enterprises did not change much, and demand was tepid
.
The export of some enterprises' products was restricted by shipping, resulting in orders that were not as expected
.
Taiwan Formosa Plastics has a device overhaul this week, Inner Mongolia power cuts are still in place, and calcium carbide supply is tight
.
Recently, the United States has been affected by hurricanes, the supply of energy and chemical commodities has decreased, and the domestic coal trend is strong, which is expected to form some support
for PVC.
The V2201 contract was volatile and higher during the day, indicating that the bulls still have the advantage
.