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On Monday, the PVC1609 contract closed up in volatility, testing the support near the five-day line below, testing the pressure of the 6000 integer mark above, and the short-term futures price is expected to remain in the 5700-6000 range of strong volatility, recommended range trading
.
Raw material prices: 1, Japan naphtha CF Japan reported 418 yuan / ton, down 1.
62; naphtha FOB Singapore reported 45 US dollars / barrel, flat
.
Ethylene CFR Northeast Asia was flat at $1125/ton, and CFR Southeast Asia was at $1115/ton, up 5
.
Spot market: The price of some domestic PVC spot market has risen.
North China calcium carbide law reported 5310 yuan / ton, flat; ethylene law reported 5450 yuan / ton, flat; East China calcium carbide law reported 5600 yuan / ton, up 140, ethylene law reported 5600 yuan / ton, up 30
.
South China calcium carbide method reported 5530, up 10, ethylene method 5670 tons, up 20
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.
News side: 1.
Shandong Dongyue PVC quotation raised by 50 yuan / ton today, calcium carbide method 5 type material is now implemented 5400 yuan / ton acceptance self-pickup, the current enterprise spot is not much
.
The plant's 120,000-tonne/year PVC unit is initially scheduled to be overhauled in mid-July and lasts about a week, but the details still need to be followed
.
Fundamentally, in the short term, the early shipment of goods in some areas is excessive, the inventory is slightly insufficient, the market price quotation is raised, boosting the futures price, and the rise in coke is driven, the futures price is stronger, but the futures price is sharply elevated to spot, or the futures price is limited to the large upside
.