PVC downstream demand was cold and closed down

Raw material prices: 1.
Japan naphtha CF Japan reported 508.
62 yuan / ton, down 11.
88; naphtha FOB Singapore reported 55.
54 US dollars / barrel, down 1.
05
.
Ethylene CFR Northeast Asia was flat at $1110/ton, and CFR Southeast Asia was at $1005/ton, up 20
%.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6220 yuan / ton, flat; ethylene law reported 6740 yuan / ton, flat; East China calcium carbide law reported 6400 yuan / ton, flat
.
South China calcium carbide method reported 6350, flat, ethylene method 6950 tons, flat
.
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 continued to raise the factory price, calcium carbide method 5 type material latest implementation of 6200 yuan / ton cash withdrawal, factory 600,000 tons / year equipment started normally, the enterprise has no inventory, more delivery orders
.

The Spring Festival is approaching, and the downstream stocking is nearing the end, but some enterprises do not have much inventory, and the price continues to rise or do not quote, but the downstream demand has entered a cold period, and the price increase space is expected to be limited, and the short-term maintenance range shock
.
Technically, the PVC1705 contract closed down in volatility, the futures price tested the support around 6250 below, the pressure around 6500 was tested above, and the futures price or maintained in the 6250-6500 range oscillation, recommended range trading
.