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On Monday, the PVC1609 contract closed slightly higher, testing support around 5150 below, pressure around 5300 above, short-term or maintaining range-bound volatility, intraday recommended trading
in the 5150-5300 range.
Raw material prices: 1.
Japan naphtha CF Japan reported 422.
75 yuan / ton, flat; Naphtha FOB Singapore was flat at $45.
18 a barrel
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5270 yuan / ton, flat; ethylene law reported 5570 yuan / ton, flat; East China calcium carbide law reported 5360 yuan / ton, flat, ethylene law reported 5700 yuan / ton, flat
.
South China calcium carbide law reported 5340, flat, 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
.
News side: 1, Henan Jiyuan Fangsheng PVC new quotation adjustment, calcium carbide method 5 calcium carbide spot exchange implementation 5150-5200 yuan / ton factory, large households slightly lower
.
The plant has an annual output of 50,000 tons of equipment started about 80%, and the shipment is acceptable
.
Fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but relevant enterprises in the industry have reached a consensus on price insurance to maintain market stability, and calcium carbide prices are relatively firm in the short term, which supports PVC costs strongly, and the fundamentals are expected to maintain range-bound volatility in the short term
.