Insufficient demand follow-up PVC weak shock

News: Shanxi Yushe PVC sales price negotiation, last week calcium carbide method 5 type factory price at 5900 yuan / ton cash exchange, the factory area 300,000 tons / year equipment began to overhaul for 5 days
.

Price: Japan naphtha CF Japan reported 495.
94 yuan / ton, closed; Naphtha FOB Singapore is trading at $54.
01 a barrel, closed
.
ethylene CFR Northeast Asia 1170 US dollars / ton, closed; CFR Southeast Asia reported $1050/mt and was closed
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 5860 yuan / ton, down 90; ethylene law reported 6280 yuan / ton, down 20; East China calcium carbide law reported 5780 yuan / ton, down 140
.
South China calcium carbide law reported 5900, down 50, ethylene method 6400 tons, down 100
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 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 closed in volatility, testing the pressure near the five-day line above, focusing on the support around 5600 below, and it is recommended to continue to back the five-day line short
.