PVC futures retreated after updating recent highs

News: 1, a total of 5 PVC production enterprises in the southwest region, involving PVC production capacity of 1.
34 million tons / year, production capacity of 1.
04 million tons, recently due to various policy restrictions, some calcium carbide bases have been phased out of production, calcium carbide supply capacity has declined rapidly, resulting in a decline in PVC enterprise starts, the current operating rate of enterprises in the region is 55.
83%, down 6.
22% from the same period last year, 2.
The price of Guangzhou PVC market in Guangzhou will be raised within the day, and the current calcium carbide method 5 mainstream 12300-12400 yuan / ton, Zhongtai 12400 yuan / ton, Tianye 12400 yuan / ton, Junzheng 12400 yuan / ton, Yili 12400 yuan / ton, real order negotiation
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 12200 yuan / ton, +450
.

Warehouse receipt inventory: 7589 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 284171, -17834, short positions 285298, -44006
.
Net multi-turn headroom
.

Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
Last week, PVC downstream products enterprises started to differentiate, and the operating rate of large enterprises was still relatively stable, but small enterprises were limited by electricity and production costs were high, and there were signs of
reducing production.
It is expected that the overall downstream operating rate will remain basically stable
.
Domestic PVC social inventory has stopped falling for five consecutive weeks and rebounded, indicating that downstream demand is insufficient
.
Inner Mongolia power rationing is still the same, calcium carbide supply is tight
.
Recently, the National Development and Reform Commission issued the "Barometer of the Completion of Dual Control Targets for Energy Consumption in Each Region in the First Half of 2021", and the energy intensity of 9 provinces (regions) in China did not decrease but increased in the first half of the year, which was a first-level warning
.
Affected by this, the dual control policies of energy consumption in many provinces and cities have been upgraded, and measures such as "opening one stop six", "limiting production by 90%", and "thousands of enterprises stopping and limiting production" have been introduced, and the expectation of market supply reduction has heated up
.
The intraday V2201 contract fluctuated to the upside and updated its all-time high, indicating that the bulls still have a certain advantage
.