PVC futures prices rebounded below and there is still some support

News: 1.
This week, Asian market prices are mixed, CFR China fell 20 US dollars / ton by Formosa Plastics quotation, CFR Southeast Asia fell 10 at 1290 US dollars / ton, CFR India freight and shortage affected by 90 at 1520 US dollars / ton
.
2.
On August 19, 2021, the power rationing in Inner Mongolia has improved, and the market start is improving
.
The mainstream ex-factory price in Ulanqab area is 5225-5355 yuan / ton, and the mainstream ex-factory price in Wuhai is 5300-5350 yuan / ton, and the actual transaction is mainly
negotiation.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9380 yuan / ton, -0
.

Warehouse receipt inventory: 1209 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 240796, +22554, short positions 212984, +11399
.
Net increase
.

Summary: PVC operating rates increased month-on-month last week, and PVC market supply increased
.
However, 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, the start of soft products and sheets is relatively good, and the start of profiles, pipes and plates is declining
.
Most profile enterprises in North China, East China and South China are at the lower middle level, and the start of enterprises in Xinjiang has improved slightly
.
However, due to the recent impact of variant strains, the global economy is weak, and the continued decline in crude oil is expected to limit the rise of PVC
.
The intraday V2201 contract rebounded from the low, indicating that there is still some support
below.
In terms of operation, investors can take profit at a high and take profit in their hands.