April 21 PVC morning review

Raw material prices: 1, Japan naphtha CF Japan reported 393.
62 yuan / ton, down 16.
12; naphtha FOB Singapore reported 42.
34 US dollars / barrel, up 1.
91
.
Ethylene CFR Northeast Asia was flat at $1200/mt, while CFR Southeast Asia was at $1170/mt, up 10
%.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5250 yuan / ton, down 30; ethylene law reported 5510 yuan / ton, down 20; East China calcium carbide law reported 5250 yuan / ton, down 30, ethylene law reported 5720 yuan / ton, unchanged
.
South China calcium carbide law reported 5300, down 50, ethylene method 5750 tons, down 50
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2300 yuan, flat
.

News side: 1, LG Bohai Chemical PVC 400,000 tons / year device stopped for maintenance on April 18, is expected to resume operation tomorrow, but due to raw material problems The factory received a notice, it is planned to reduce production around April 20-30, ethylene models for Tianjin factory temporarily implement the range of 5850-5900 yuan / ton, can receive a small amount of cash, the actual order is slightly lower
.

Downstream demand has slowed down, manufacturers' shipment pressure has increased, prices have been lowered, and futures prices have been suppressed, but there are still some equipment maintenance in the short term, limiting its decline
.