PVC morning review on May 12

Raw material prices: 1, Japan naphtha CF Japan reported 384.
25 yuan / ton, down 13.
75; naphtha FOB Singapore reported 40.
81 US dollars / barrel, down 1.
51
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 5230 yuan / ton, unchanged; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide method reported 5250 yuan / ton, flat, ethylene law reported 5700 yuan / ton, flat
.
South China calcium carbide method reported 5200, 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, Shanxi Huojiagou PVC 160,000 tons / year device is still under maintenance, is expected to resume in the near future, the external quotation is temporarily stable, calcium carbide method 3, 8 type implementation of 5300-5350 yuan / ton cash withdrawal, the supply of enterprises is not much, the actual order is slightly lower
.

Warehouse receipt data: 112.

On the whole, fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which has a certain cost support for PVC, and the fundamentals are expected to maintain range-bound
volatility in the short term.