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PVC1705 contract volatility closed higher, futures price below test support around 6200, above test pressure around 6300, short-term futures price or maintain in the 6200-6300 range strong oscillation, it is recommended to go long
on dips.
News side: 1, Shandong Xinfa PVC still rose slightly by 30 yuan / ton today, calcium carbide method 5 type material reported to the outside at 6120 yuan / ton cash withdrawal, the factory area 600,000 tons / year equipment started normally, the actual receipt price of contract households is slightly lower
.
Raw material prices: 1, Japan naphtha CF Japan reported 497.
5 yuan / ton, down 7.
88; naphtha FOB Singapore reported 53.
71 US dollars / barrel, down 0.
78
.
Ethylene CFR Northeast Asia was at $1110/ton, down 10, and CFR Southeast Asia was at $985/ton, up 5
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6220 yuan / ton, flat; Ethylene law reported 6690 yuan / ton, unchanged; East China calcium carbide law reported 6350 yuan / ton, flat
.
South China calcium carbide method reported 6350, flat, ethylene method 6950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
.
Warehouse receipt data: 4776
.
The cold weather in the north affects the demand for building materials entering the off-season, the enthusiasm of downstream procurement slows down, the smog environmental protection inspection, the shutdown of downstream product enterprises, the gradual easing of market supply tension, coupled with the impact of new production capacity and real estate regulation, prices are suppressed, but the joint intention of enterprises to jointly quote, and the impact of transportation limits its downward space
.