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On Thursday, PVC prices had limited
upward momentum.
Technically, the PVC1609 contract closed up in volatility, testing support around 5000 below, pressure around 5200 above, maintaining short-term volatility in the 5000-5200 range, recommended range trading
.
Raw material prices: 1, Japan naphtha CF Japan reported 416.
75 yuan / ton, down 5; Naphtha FOB Singapore was trading at $44.
25 a barrel, down 0.
71
.
Ethylene CFR Northeast Asia was at $1080/ton, down 10, and CFR Southeast Asia was flat at $1065/ton
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5170 yuan / ton, down 50; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, flat, ethylene law reported 5650 yuan / ton, flat
.
South China calcium carbide method reported 5220, 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.
It is understood that Fangda Jinhua PVC 40,000 tons/year unit stopped production and maintenance on May 31, and it is planned to start tomorrow
.
The price of enterprises has remained stable for the time being, and the current 5-type material is 5300 yuan / ton acceptance, and the 3-type material is 5400 yuan / ton acceptance, and the current exchange rate is slightly lower
.
In recent days, the inventory of enterprises is not much, and the shipment is
acceptable.
Fundamentally, the spot market is under-traded, but the spot market price remains stable, and some devices have plans to resume production in the short term driven by profits, and entering the northern summer harvest season in June, demand slows down, market device maintenance efforts are small, and it is expected that the supply will increase in the future.
