PVC volume reduced position, futures price volatility higher

News: 1.
Affected by the continuous rise in PVC prices, domestic PVC enterprises increased their shipments last week, and inventories continued to decline
.
The data shows that the total output of 24 domestic PVC production enterprises last week increased by 1.
47% compared with last week, and the total output of production enterprises increased by 2.
20%
compared with last week.
The overall output of 19 calcium carbide production enterprises increased by 3.
09% from last week, and the inventory of 19 companies decreased by 11.
72%
from last week.
2.
Longzhong Information reported on December 7: As of the end of last week, domestic PVC social inventory increased by 2.
17% month-on-month, a year-on-year decrease of 0.
26%, as far as East China was concerned, it decreased by 3.
12% month-on-month and 11.
29% year-on-year, and South China increased by 21.
25% month-on-month, 55.
20%
higher year-on-year.
East China stocks are 55,900 tons, South China 19,400 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8750 yuan / ton, +100
.

Warehouse receipt inventory: 561 warehouse receipts, -0 receipts
.
Main positions: the top 20 long positions 167451, -1541, short positions 174809, -5938
.
Reduced
headroom.

Summary: In December, PVC has new installations and production plans, and the company's maintenance equipment has decreased, and the market supply is expected to increase
.
However, affected by the maintenance and temporary shutdown of equipment in Europe, the United States, South Korea and Japan, the supply of PVC in Europe, the United States, South Korea and Japan has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, the domestic calcium carbide price continues to rise, and the domestic PVC social inventory has decreased month-on-month, these factors have supported the price
.
In terms of operation, investors can set a take profit in their hands and hold
them cautiously.