Cost support weakens PVC futures prices are under pressure to the downside

Raw material prices: 1, Japan naphtha CF Japan reported 513 yuan / ton, up 1; Naphtha FOB Singapore was trading at $513 a barrel, up 1
.
ethylene CFR Northeast Asia 1390 US dollars / ton, up 15; CFR Southeast Asia was flat at $1150/mt
.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 6620 yuan / ton, down 30; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide law reported 6610 yuan / ton, down 10
.
South China calcium carbide method reported 6650 yuan / ton, down 20, ethylene method 7100 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
.

News side: 1.
Shandong Xinfa PVC Phase II 400,000 tons/year installation (February 20 evening) device temporarily stopped, the recovery time is not clear
.
The first phase of the 200,000 tons/year plant in the plant is currently in normal production, and the specific trend still needs to be followed
.

Although some enterprises pre-sold orders until the end of February before the Spring Festival, the downstream is not enthusiastic about the procurement of high-priced raw materials after the Spring Festival, coupled with the sharp weakening of calcium carbide, the support for PVC costs is weakened, and the PVC futures price is under pressure to decline, and the short-term or maintain weak shocks
.
Technically, the PVC1705 contract fluctuated downward, the futures price tested the support around 6500 below, the pressure at the 6700 mark was tested above, and the short-term or maintained in the 6500-6700 range oscillation, it is recommended to sell short at the high
.