PVC maintained a negative decline and the market continued to fluctuate and pullback

News side: 1, Henan Pingdingshan Shenma PVC new plant equipment started 7-8 percent, calcium carbide method 5 type spot exchange factory quotation 5200 yuan / ton, high in the province 50 yuan / ton, type 3 less cash exchange factory 5350 yuan / ton, large packaging and small packaging quotation is consistent
.
The company has an overhaul plan in May, but the specifics have not yet been determined
.

Upstream raw materials: Asian ethylene CFR Northeast Asia stable harvest at 1189.
5-1191.
5 US dollars / ton, CFR Southeast Asia stable at 1144.
5-1146.
5 US dollars / ton
.
The price of calcium carbide is consolidated as a whole, and individual prices are planned to rise
.
The distribution of market sources is uneven, and the overall supply tension has eased
slightly.
Therefore, the market wait-and-see atmosphere is strong, and the price center of gravity remains stable
for the time being.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 5270 yuan / ton, flat; ethylene law reported 5530 yuan / ton, flat; East China calcium carbide law reported 5300 yuan / ton, down 30, ethylene method reported 5700 yuan / ton, unchanged
.
South China calcium carbide method reported 5280, down 20, ethylene method 5750 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which strengthens the support for PVC costs, and the fundamentals are expected to maintain range-bound
volatility in the short term.
Technically, the PVC1609 contract closed down in shock, testing support around 5000 below, pressure around 5150 above testing, short-term or maintaining a weak range of shocks, short-term recommended short trading
in the 5000-5150 range.

The domestic PVC market maintained a negative situation, the PVC market in the futures market continued to fluctuate and pullback, the bearish atmosphere in the market was strong, the PVC market in the spot market lacked favorable support, traders quoted slowly and fell slowly, the terminal downstream follow-up was slow, and the market transaction was general.

The quotations of upstream manufacturers are basically stable, and there are individual pullbacks
.
It is expected that the domestic PVC market will maintain a sluggish trend
in the short term.