Inventories remain low PVC remains volatile at high levels

Raw material prices: 1, Japan naphtha CF Japan reported 506.
38 yuan / ton, up 11.
26; naphtha FOB Singapore reported 54.
29 US dollars / barrel, up 0.
96
.
ethylene CFR Northeast Asia 1280, flat; CFR Southeast Asia was trading at $1175/mt, up 10
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 7690 yuan / ton, flat; ethylene law reported 7970 yuan / ton, flat; East China calcium carbide law reported 7750 yuan / ton, down 50; South China calcium carbide method 7840, flat, ethylene method 7950 tons, flat
.
Raw material prices were basically flat, with East China reporting 3,100 yuan, flat, and Northwest reporting 2,700 yuan, up 50
.

News: 1.
Longzhong Information reported on September 8: Ordos chlor-alkali chemical PVC plant started normally, 5 type material acceptance sealing, delivery of pre-orders, plant 400,000 tons/year equipment is normal, planned for September 12 maintenance for 14 days
.

Affected by environmental protection, calcium carbide operating rate is limited, the price is firm, and the cost of PVC is strongly
supported.
PVC inventory remained low, the supply was tight, and some ex-factory prices continued to rise
.
However, the short-term weakening of black series and chemicals dragged down the price of PVC, and the downstream demand of gold nine silver ten was paid attention to in the later stage
.
Fundamentals are intertwined, and futures prices remain volatile
at a high level.
Technically, the PVC1801 contract fluctuated downward, focusing on support around 7500 below, and 7700 above, as the KDJ indicator diverged downward, short-term or limited its upward momentum, it is recommended to wait and see
for the time being.