PVC morning review on May 18

Raw material prices: 1, Japan naphtha CF Japan reported 426.
38 yuan / ton, up 10.
63; naphtha FOB Singapore reported 45.
49 US dollars / barrel, up 1.
14
.
Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1140/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5200 yuan / ton, flat; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5210 yuan / ton, flat, ethylene method reported 5700 yuan / ton, flat
.
South China calcium carbide law report 5220, flat
.
Ethylene method 5780 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, Shandong Xinfa PVC latest offer slightly pullback, the range of 30 yuan / ton, calcium carbide method 5 type material latest implementation of 5120 yuan / ton cash pickup, plant 600,000 tons / year device production is basically normal, the situation of goods in recent days is relatively general
.

Warehouse receipt data: 335, unchanged
from the previous trading day.

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
.