PVC breaking downside is recommended to wait and see for the time being

Raw material prices: 1, Japan naphtha CF Japan reported 508.
75 yuan / ton, down 2.
5; naphtha FOB Singapore reported 54.
61 US dollars / barrel, down 0.
32
.
ethylene CFR Northeast Asia 1320, flat; CFR Southeast Asia was flat at $1205/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 7410 yuan / ton, down 100; ethylene law reported 7580 yuan / ton, down 100; East China calcium carbide law reported 7100 yuan / ton, down 150; South China calcium carbide method 7300, down 120, ethylene method 7700 tons, flat
.
The price of raw materials was basically flat, East China reported 3150 yuan, flat, and Northwest reported 2730 yuan, flat

News: 1.
The price of Shandong Xinfa PVC was reduced by 100 yuan / ton, and the calcium carbide method 5 type material was implemented at 7200 yuan / ton in cash exchange, and the large order could be discussed, and the 600,000 tons / year device in the plant area started normally
.

Summary: The dollar index rose overnight, weighing on commodity prices
.
Fundamentally, the price of upstream raw materials is firm, which has a certain cost support
for PVC.
However, short-term PVC is affected by the increase in operating rate, inventory has rebounded slightly, coupled with delivery months, exchange warehouse receipts have increased, market sources have increased, and short-term suppression of futures prices
.
Enter the small peak season of gold nine silver ten demand, pay attention to the demand
of the future market.
Technically, the PVC1801 contract continued to fluctuate downward, falling below the 60-day moving average support, below the support around 6600, above the pressure around 7000, because the KDJ indicator is in the oversold zone, short-term short chasing cautious, it is recommended to wait and see
for the time being.