PVC morning review on May 19

Raw material prices: 1, Japan naphtha CF Japan reported 430.
5 yuan / ton, up 4.
12; naphtha FOB Singapore reported 46.
02 US dollars / barrel, up 0.
53
.
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 method reported 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, Henan Pingdingshan Shenma PVC new plant equipment started 7-8 percent, today the plant equipment began to stop for maintenance for about a week, calcium carbide method 5 type spot exchange factory quotation 5200 yuan / ton, type 3 less cash exchange factory 5350 yuan / ton, the province high 50 yuan / ton, the actual transaction is slightly lower
.

Warehouse receipt data: 335.

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
.