PVC futures prices fluctuated lower, and downstream enterprises basically maintained just need to purchase

News: 1.
Longzhong data statistics show that as of August 1, the domestic PVC social inventory was 131,800 tons, down 7.
41% month-on-month and 47.
91% year-on-year; Among them, East China was 99,800 tons, down 7.
03% month-on-month and 51.
08% year-on-year; South China was at 32,000 tons, down 8.
57% month-on-month and 34.
69%
year-on-year.
2.
According to Longzhong information statistics, the output of domestic PVC manufacturers in July 2021 was 1.
9104 million tons, a decrease of 1.
44% from the previous month, an increase of 7.
11% year-on-year, and a cumulative increase of 14.
25%
year-on-year.
The output of calcium carbide process was 1.
5119 million tons, a decrease of 2.
03% from the previous month, an increase of 2.
60% over last year, and a cumulative increase of 10.
57% year-on-year; The output of ethylene process was 398,500 tons, an increase of 0.
86% from the previous month, an increase of 28.
53% over the previous year, and a cumulative increase of 33.
18%
year-on-year.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9200 yuan / ton, -80
.

Warehouse receipt inventory: 1377 warehouse receipts, -77 receipts
.
Main positions: Top 20 long positions 231060, -26633; short positions 221946, -32744
.
Net excess decrease
.

Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, some calcium carbide PVC manufacturers have signs of reducing production, and PVC market supply has decreased
.
Domestic PVC social inventories continued to decline month-on-month, indicating that the pressure on the supply side was not large
.
The start of PVC downstream products enterprises is basically stable and still at a relatively low level, of which the start of flooring enterprises has increased
slightly.
The downstream operating rates in East China, North China and South China all remained at a moderately low level
.
Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
.
Formosa Plastics' lower August cargo quotation also suppressed prices to a certain extent
.
The V2109 contract fluctuated lower during the day, and the market paid attention to the support of the 8880 line
.