Market supply gradually tightened, PVC shock closed up

Raw material prices: 1, Japan naphtha CF Japan reported 522.
12 yuan / ton, up 24.
62; naphtha FOB Singapore reported 56.
65 US dollars / barrel, up 2.
94
.
Ethylene CFR Northeast Asia was flat at $1110/mt, while CFR Southeast Asia was flat at $985/mt
.

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 6700 yuan / ton, up 50; 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
.

News side: 1, Shandong Xinfa PVC continued to rise slightly, the range of 20 yuan / ton
.
The calcium carbide method 5 type material was reported to the outside at 6140 yuan / ton cash exchange, the factory area 600,000 tons / year equipment started normally, and some limited shipments
.

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
.
Technically, the PP1705 contract closed up in volatility, the futures price tested the support near the five-day line below, the pressure around 6600 was tested above, and the short-term futures price or maintained in the 6400-6600 range was a strong oscillation, and it was recommended to go long
on the dip.