Downstream demand is not good, PVC has fallen sharply

Raw material prices: 1, Japan naphtha CF Japan reported 460.
38 yuan / ton, down 2.
24; naphtha FOB Singapore reported 49.
83 US dollars / barrel, down 0.
19
.
ethylene CFR Northeast Asia 1150 US dollars / ton, down 5; CFR Southeast Asia was trading at $1,045 a tonne, down 15
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6350 yuan / ton, down 20; ethylene law reported 6600 yuan / ton, down 30; East China calcium carbide law reported 6370 yuan / ton, down 30
.
South China calcium carbide method reported 6380 yuan / ton, down 20, ethylene method 6900 tons, down 50
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.

News side: 1, Lutai Chemical (Jining Jinwei) PVC price down, calcium carbide method 5 type material to implement 6450 yuan / ton up and down acceptance, type 3 price 100 yuan / ton, the actual transaction is slightly lower, the plant's 360,000 tons / year device is basically full load, external sales are
acceptable.

PVC companies are affected by poor downstream demand, slow digestion of corporate inventory, traders make mistakes and do not sell smoothly, futures prices are favorable and support is insufficient, and the early position reduction is downward, and the short-term or maintain weak shock
.
Technically, the PVC1705 contract fell sharply, short-term lower test of support around 6300, upper test of pressure around 6500, futures price or maintain in the 6300-6500 range weak oscillation, recommended range high short trading
.