Insufficient demand follow-up PVC prices are weak and volatile

News: Shandong Xinfa PVC price was lowered, the range was 50 yuan / ton
.
The calcium carbide method 5 type material is 5800 yuan / ton spot exchange, which is actually slightly lower
.
The 600,000 tons/year unit in the plant area is fully loaded, and the shipment situation is average
.

Price: Japan naphtha CF Japan reported 495.
94 yuan / ton, down 1.
06; naphtha FOB Singapore reported 54.
01 US dollars / barrel, down 0.
05
.
ethylene CFR Northeast Asia 1170 US dollars / ton, flat; CFR Southeast Asia was flat at $1,050/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 5950 yuan / ton, down 80; ethylene law reported 6300 yuan / ton, down 50; East China calcium carbide law reported 5920 yuan / ton, down 80
.
South China calcium carbide method reported 5950 yuan / ton, down 50, ethylene method 6500 tons, down 20
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.

Summary of views: Chlor-alkali enterprises are stimulated by high profits to maintain high-load starts, PVC enterprise inventories continue to increase, coupled with the decline in the start of downstream enterprises under environmental protection supervision, insufficient demand follow-up, under the pressure of supply and demand imbalance, the market is weak and shocking
.
Technically, the PVC1709 contract fluctuated downward, testing the pressure near the five-day line above, focusing on the support around 5600 below, and it is recommended to back the five-day line for short bears
.