PVC continued to increase its position to the upside and chased up cautiously

News: Shandong Xinfa 600,000 tons/year PVC plant is normal, and the equipment maintenance plan has been postponed to May
.
Today's price was raised by 50 yuan tons, and the ex-factory price of calcium carbide method 5 type material in the early factory area was reported at 6650 yuan / ton in cash exchange, and orders were accepted in limited quantities
.

Upstream price: Japan naphtha CF Japan reported 626.
12 US dollars / ton, down 0.
24%; Naphtha FOB Singapore was at $68.
84 a barrel, down 0.
19%.

ethylene CFR Northeast Asia 1309 US dollars / ton, down 26; CFR Southeast Asia was trading at $1260/mt, down 10
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Spot market: CFR China was flat at $940, CFR Southeast Asia was flat at $940; North China calcium carbide law reported 6580 yuan / ton, flat; ethylene law reported 6850 yuan / ton, flat; East China calcium carbide method reported 6800 yuan / ton, up 50, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6750, flat, ethylene method 7000 yuan, flat
.

Today, the PVC1809 contract continued to increase its position to the upside
.
Fundamentally, factors such as the closure of coal mines in Northwest Inner Mongolia and the acceleration of traders' warehouse reduction have formed a certain support
for futures prices.
Technically, in the short term, focus on the 6800-6850 line of pressure, and test the five-day support below, as the KDJ indicator is in the oversold range and chasing up cautiously
.
In terms of operation, investors can hold more orders in their hands with caution, and investors can also try to buy PVC and sell PP arbitrage operations
.