PVC morning review on June 16

Raw material prices: 1, Japan naphtha CF Japan reported 420.
12 yuan / ton, down 12.
5; naphtha FOB Singapore reported 44.
83 US dollars / barrel, down 1.
36
.
Ethylene CFR Northeast Asia was flat at $1,045/mt, and CFR Southeast Asia was flat at $1,045/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5160 yuan / ton, down 10; ethylene law reported 5450 yuan / ton, flat; East China calcium carbide law reported 5240 yuan / ton, down 10, ethylene law reported 5600 yuan / ton, flat
.
South China calcium carbide method reported 5200, flat, ethylene method 5650 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, Inner Mongolia Sanlian PVC quotation lowered, calcium carbide method 5 type material to implement 5,000 yuan / ton acceptance, type 3 material high 100 yuan / ton, the company's 300,000 tons / year equipment full production, in recent days shipments more than delivery of pre-contract orders
.

Warehouse receipt data: 16.

Fundamentally, the spot market is under-traded, but the spot market price is stable, short-term profit-driven some devices have plans to resume production, and into the northern summer harvest season in June, demand slows down, market equipment maintenance is small, it is expected that the supply of the market will increase, and the PVC price has limited
upward momentum.