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On Monday, the PVC1609 contract closed up in volatility, testing support around 5500 below, testing the pressure at the 5750 mark above, and the short-term futures price is expected to remain in the range of 5500-5750, and it is recommended to trade short at the high
.
Raw material prices: 1, Japan naphtha CF Japan reported 396.
5 yuan / ton, down 18.
75; naphtha FOB Singapore reported 42.
36 US dollars / barrel, down 2.
09
.
Ethylene CFR Northeast Asia was at $1135/ton, up 10, and CFR Southeast Asia was flat at $1095/ton
.
Spot market: The price of some domestic PVC spot market has risen.
North China calcium carbide law reported 5450 yuan / ton, flat; ethylene law reported 5550 yuan / ton, flat; East China calcium carbide law reported 5560 yuan / ton, down 10, ethylene law reported 5650 yuan / ton, unchanged
.
South China calcium carbide method reported 5600, 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, Shandong Xinfa PVC quotation today sharply reduced by 60 yuan / ton, calcium carbide method 5 type material is now implemented 5410 yuan / ton spot exchange self-pickup, the actual receiving price still has a small space for negotiation, the factory area 600,000 tons / year device started full load, the factory inventory is slightly higher, the actual shipment situation is relatively general
.
Fundamentally, affected by exports and the overall social inventory, PVC rose sharply, but the downstream enthusiasm for high-priced raw material procurement was weak, and futures rose sharply to spot, and the market faced the arrival of the demand off-season, and the overall price range is expected to fluctuate
.