PVC morning review on June 20

Raw material prices: 1, Japan naphtha CF Japan reported 413.
38 yuan / ton, down 3.
87; naphtha FOB Singapore reported 44.
25 US dollars / barrel, down 0.
25
.
Ethylene CFR Northeast Asia was at $1050/ton, up 10, and CFR Southeast Asia was at $1040/ton, down 5
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5160 yuan / ton, flat; Ethylene law reported 5430 yuan / ton, flat; East China calcium carbide law reported 5200 yuan / ton, flat, ethylene law reported 5570 yuan / ton, down 30
.
South China calcium carbide law reported 5180, down 20, ethylene method 5550 tons, down 100
.
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 today is temporarily stable, calcium carbide method 5 type material is now implemented 5150 yuan / ton acceptance self-pickup, enterprise inventory is reasonable, the plant 120,000 tons / year PVC unit is initially planned to be overhauled in July, lasting about a week, the specific situation still needs to be followed
.

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.