PVC volume reduced position, futures price volatility lower

News: 1.
Last week (September 14-September 20), the shipment volume of 24 domestic PVC enterprises reached 202,300 tons, an increase of 2.
95%
over the previous cycle.
The maintenance of the equipment of the sample enterprises was gradually completed, resulting in a 2.
65% month-on-month increase in production; Affected by the increase in outbound volume, 18 of them weekly inventory decreased by 15.
09%
month-on-month.
2.
Longzhong Information reported on September 21: As of the end of last week, domestic PVC social inventory decreased by 1.
33% month-on-month, an increase of 12.
7% year-on-year, as far as East China was concerned, it increased by 2.
17% month-on-month and 18.
14% year-on-year, and South China decreased by 21.
18% month-on-month and 15.
79%
year-on-year.
East China stocks are 235,100 tons, South China 32,000 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6720 yuan / ton, +0
.

Warehouse receipt inventory: 4312 warehouse receipts, -69 sheets
.
Main positions: Top 20 long positions 147911, -14206; short positions 145210, -9760
.
Increased
headroom.

Summary: At present, the price trend of overseas PVC is firm, and last week's domestic PVC social inventory continued to fall month-on-month, indicating that the pressure on the supply side is not large, but after entering the end of September, PVC has a new device and a production plan, and it is expected that the later supply will gradually increase to form a certain suppression
of prices.
The future market focuses on the 6600 first-line support
.
In terms of operation, it is recommended that investors can reduce their holdings at high prices and drop their pockets
.