PVC broke downward and closed long overcast

News: PVC prices held steady at $980/ton CFR China/Southeast Asia this week, $1045/ton CFR India, but the market heard that some merchants intend to ship at $1000/ton in CFR China, while the latest trading price is $1030-1050/ton CFR India
.
China's PVC demand continues to slow.

In the Indian market, spot demand has declined as end-user inventories have increased, and the required sources have been purchased over the past few months
.

Upstream price: Naphtha CF Japan reported $565 / ton, down 3.
38%; FOB Singapore was trading at $61.
51 a barrel, down 0.
68 percent
.
ethylene CFR Northeast Asia 1300, up $30; CFR Southeast Asia was trading at $1230 a tonne, up $
30.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: PVC China CIF price was flat at $980; North China calcium carbide law reported 6590 yuan / ton, down 10 yuan; ethylene law reported 6770 yuan / ton, unchanged; East China calcium carbide method reported 6550 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6650, down 50 yuan, ethylene method 7050 yuan, flat
.

Today, the PVC1805 contract broke to the downside, and the long yin closed
.
Indicates that the short-term trend remains weak
.
Fundamentally, spot prices have loosened, and during the two sessions, environmental protection efforts have increased, and the sluggish downstream demand has formed a certain suppression
of futures prices.
It is expected that the weak tidying pattern
will continue.
Operationally, investors can hold short orders cautiously
.