Operating rate increased PVC volatility fell

Raw material prices: 1, Japan naphtha CF Japan reported 506.
62 yuan / ton, up 5; Naphtha FOB Singapore was trading at $54.
25 a barrel, up 0.
45
.
ethylene CFR Northeast Asia 1315, flat; CFR Southeast Asia was flat at $1200/mt
.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 7670 yuan / ton, flat; ethylene law reported 7920 yuan / ton, flat; East China calcium carbide law reported 7550 yuan / ton, down 100; South China calcium carbide method 7750, down 30, ethylene method 7950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2700 yuan, flat
.

News: 1.
Tangshan Sanyou PVC device will be stopped for maintenance from September 4 and will resume driving
from today.
Type 5 material is reported locally at 7750 yuan / ton acceptance, and Type 3 is reported at 7850 yuan / ton acceptance
.

Summary of views: Affected by environmental protection, calcium carbide operating rate is limited, prices are firm, ethylene supply is tight, prices continue to rise, and PVC costs are strongly supported
.
However, short-term PVC is affected by the increase in operating rate, inventory has rebounded slightly, coupled with the increase in exchange warehouse receipts in the delivery month, and the market supply is expected to increase
.
Enter the small peak season of gold nine silver ten demand, pay attention to the demand
of the future market.
Technically, the PVC1801 contract fluctuates down, focusing on support around 7200 below, pressure around 7500 above, and short-term is expected to remain in the 7200-7500 range of weak volatility, recommended range trading
.