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On Tuesday, the PVC1609 contract closed in volatility, testing support around 5100 below, pressure around 5250 above, short-term or maintaining range-bound, intraday recommended trading
in the 5100-5250 range.
Raw material prices: 1.
Japan naphtha CF Japan reported 422.
75 yuan / ton, flat; Naphtha FOB Singapore was flat at $45.
18 a barrel
.
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 is basically flat
.
North China calcium carbide law reported 5270 yuan / ton, flat; ethylene law reported 5570 yuan / ton, flat; East China calcium carbide law reported 5360 yuan / ton, flat, ethylene law reported 5700 yuan / ton, flat
.
South China calcium carbide law reported 5320, down 20, 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, Shaanxi Jintai PVC 270,000 tons / year PVC plant is currently under shutdown and maintenance, for about 7-10 days, calcium carbide method 5 type material is temporarily not quoted to the public, inventory to maintain fixed customers
.
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 strengthens the support for PVC costs, and the fundamentals are expected to maintain range-bound
volatility in the short term.