PVC futures prices rebounded slightly, indicating that the bears still have the advantage

News: 1.
The Asian market price was lowered this week, CFR China fell 160 at 1490 US dollars / ton, CFR Southeast Asia fell 200 at 1550 US dollars / ton, CFR India fell 190 at 1710 US dollars / ton
.
Prices in the US and Europe remained stable
.
FAS Houston was trading at $2,060/mt and FOB Northwest Europe was trading at $2,100/mt, both unchanged
.
2.
The price of calcium carbide in Hebei, North China, Shandong and other places remained stable within the day, and the quotation was between
5200-5300 yuan.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9200 yuan / ton, -0
.

Warehouse receipt inventory: warehouse receipt 3207, -1816 sheets
.
Main positions: the top 20 long positions 198085, -8587, short positions 211013, -17929
.
Reduced
headroom.

Summary: Last week, the operating rate of PVC production enterprises reported 73.
91%, an increase of 1.
93% month-on-month and a year-on-year decrease of 3.
79%; PVC production increased slightly to 406,100 tons, up 2.
77% month-on-month and down 1.
85%
year-on-year.
As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, PVC downstream products enterprises started basically stable, East China power rationing was basically canceled, and enterprises adjusted production
according to their own orders.
Winter is coming, terminal demand is not good, and orders have not increased
significantly.
Demand is expected to weaken
as the weather gets colder.
As of November 14, the domestic PVC social inventory was 155,600 tons, an increase of 1.
17% month-on-month and 20.
34% year-on-year, indicating that the current inventory has been higher than the same period last year, indicating that the recovery of downstream demand is insufficient
.
The intraday V2201 contract rebounded slightly, but remained constrained by the short-term moving average, indicating that the bears still have the advantage
.