PVC Daily: Demand is gradually rising, and PVC is slightly strong and volatile

期货市场：截止2月9日PVC主力收盘6251元/吨（+0.061%）；前二十位主力多头持仓：510381（-3662），空头持仓：603824（-3428），净空持仓：93443（-5467）。

Futures market: as of February 9, the main PVC market closed at 6251 yuan/ton (+0.061%); The top 20 main long positions: 510381 (- 3662), short positions: 603824 (- 3428), net positions: 93443 (- 5467).

现货：截至2月9日华东（电石法）报价：6280元/吨（+80）；华南（电石法）报价：6330元/吨（+65）。

Spot: as of February 9, East China (carbide method) offer: 6280 yuan/ton (+80); South China (carbide method) offer: 6330 yuan/ton (+65).

兰炭：截止2月9日陕西1376元/吨（0）。

Lancan: 1376 yuan/ton (0) in Shaanxi as of February 9.

电石：截止2月9日华北4165元/吨（-50）。

Calcium carbide: 4165 yuan/ton (- 50) in North China as of February 9.

观点：昨日PVC偏强震荡运行，受国际原油及节后需求恢复影响，短期或存在技术性反弹可能。不过考虑到目前PVC较高社会库存叠加PVC装置较高开工负荷，PVC反弹高度或有限。需求方面，随着节后下游企业逐渐开工，需求有转好预期。但因社会库存较高，短期需求恐难以扭转这一局面。综合来看，PVC基本面依旧孱弱，价格或存在低位反复可能，建议观望为主。   

Viewpoint: PVC was operated in a strong and volatile manner yesterday, and there may be a technical rebound in the short term due to the recovery of international crude oil and post-holiday demand. However, considering the high social inventory of PVC and the high operating load of PVC plant, the rebound height of PVC may be limited. In terms of demand, as downstream enterprises gradually start construction after the holiday, demand is expected to improve. However, due to the high social inventory, short-term demand is difficult to reverse this situation. In general, the fundamentals of PVC are still weak, and the price may be low and repeated. It is recommended to wait and see.

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Tianhu Polyvinyl Chloride PVC Resin SG-5

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