Insufficient demand follow-up PVC prices fell slightly

Raw material prices: 1, Japan naphtha CF Japan reported 477.
25 yuan / ton, up 0.
75; naphtha FOB Singapore reported 52.
95 US dollars / barrel, up 0.
16
.
ethylene CFR Northeast Asia 1315 US dollars / ton, flat; CFR Southeast Asia was flat at $1125/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6450 yuan / ton, flat; Ethylene law reported 6830 yuan / ton, flat; East China calcium carbide law reported 6430 yuan / ton, down 40
.
South China calcium carbide method reported 6450 yuan / ton, down 50, ethylene method 7000 tons, down 50
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
.

News side: 1.
External network news: Kem One and Chemplast Sanma recently announced plans to build a new CPVC plant
in India.

PVC enterprise factory quotation is basically stable, short-term enterprise inventory slightly declined, but downstream affected by environmental protection, orders are small, demand follow-up is insufficient, spot market prices fell slightly, late spring maintenance opened, market supply pressure may be eased, it is expected that the price decline space is limited
.
Technically, PVC1705 contract volatility downward, short-term lower test around 6250 support, upper test around 6600 pressure, short-term dragged by the decline of chemicals, insufficient upward momentum, futures price or maintain in the 6250-6600 range oscillation, recommended range trading
.