PVC closed slightly lower and the market supply was tight

Raw material prices: 1, Japan naphtha CF Japan reported 528.
62 yuan / ton, up 6.
62; naphtha FOB Singapore reported 57.
98 US dollars / barrel, up 0.
83
.
ethylene CFR Northeast Asia 1300 US dollars / ton, flat; CFR Southeast Asia was flat at $1110/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6680 yuan / ton, unchanged; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide law reported 6650 yuan / ton, up 20
.
South China calcium carbide method reported 6720 yuan / ton, up 120, ethylene method 7150 tons, up 50
.
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 price returned to stability today, calcium carbide method 5 type material implementation 6600 yuan / ton cash exchange self-pickup, the plant 600,000 tons / year device is basically operating normally, the factory inventory is small, the sales situation is acceptable
.

Hearing that some enterprises have pre-sold orders until March, the market continued to raise ex-factory prices due to tight supply of goods, coupled with the rise in infrastructure projects and upstream raw materials in 2017, PVC futures prices showed high volatility
.
Technically, the PVC1705 contract closed slightly lower, the futures price below the test of support around 6700, the upper test of the 7000 integer mark pressure, the futures price or maintain in the 6700-7000 range oscillation, it is recommended to trade long in the range
.