PVC futures prices fluctuated in a narrow range, and market supply increased

News: 1.
Taiwanese Formosa Plastics July shipping schedule quotation continued to be significantly lowered
.
CFR India is trading at $1390, -$130; CFR China quoted $1240, -$100; FOB Southeast Asia reported $1250, -$60; FOB Vietnam quoted $1210, -$90
.
2.
In May 2021, PVC imports were 20,800 tons, down 7.
14% month-on-month, general trade was 0.
4 million tons, incoming material processing was 16,800 tons, mainly from Taiwan 11,800 tons, Japan 04,900 tons, the United States 01,700 tons, France 09,300 tons
.
In May 2021, PVC exports were 216,200 tons, down 12.
47% month-on-month, and general trade was 172,700 tons, mainly exported to Vietnam 34,700 tons, India 33,100 tons, Bangladesh 21,300 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9000 yuan / ton, -0
.

Warehouse receipt inventory: 4065 warehouse receipts, -480 sheets
.
Main positions: Top 20 long positions 277463, +11995, short positions 237665, +9290
.
Net increase
.

Summary: PVC operating rates continued to rise slightly month-on-month last week, and market supply increased
.
At present, the large-scale maintenance of PVC production enterprises has ended, and there are fewer maintenance enterprises in the later stage, and the operating rate of the PVC industry as a whole shows a rebound trend
.
The operating rate of downstream product enterprises has not changed much, only a few enterprises have a slight decline, others are stable, and the current product enterprises are in the off-season, and the difficulty of sales has increased
.
Formosa Plastics lowered its July cargo quotation and significantly reduced exports in May, both of which suppressed
prices.
The intraday V2109 contract was closed in a narrow range, indicating that the bears still have the advantage
.