PVC is strong and updated recent highs

News: 1.
Last week, the overall start of domestic PVC production enterprises was still low, and the overall start of construction remained about 5-6%, and some enterprises also stopped
.
Market supply is below the level of the
same period last year.
2.
The Asian PVC market remained firm, but the market transaction was light
.
Last week, domestic quotations rose to 167 rupees/kg, about $1,900/mt
imports.
It is expected that the November shipment price of PVC in Taiwan will increase by about
200 US dollars / ton compared with October.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 14300 yuan / ton, +1300
.

Warehouse receipt inventory: 6869 warehouse receipts, -440 sheets
.
Main positions: Top 20 long positions 273620, +29345, short positions 288649, +22418
.
Reduced
headroom.

Summary: Last week, the overall start of domestic PVC production enterprises was still low, and the overall start remained about 5-6%, and some enterprises also stopped
.
Market supply is below the level of the
same period last year.
PVC downstream enterprises work half and stop.

In addition to the reduction in the high cost of raw materials, large enterprises are on holiday, and the pre-holiday power cuts in some regions have led to a significant weakening of demand during the festival, but the demand in unrestricted areas has remained good
.
During the long holiday, heavy rain in Shanxi caused many coal mines to stop production, but on the evening of the 7th, Inner Mongolia issued a document to accelerate the release of coal production capacity, which is expected to reduce the impact of
Shanxi coal mine shutdown to a certain extent.
The intraday V2201 contract rose strongly and updated its recent high, indicating that the bulls still have the advantage
.