PVC narrow finishing interval oscillation is the mainstay

News: This week, the domestic PVC industry started a slight increase compared with last week, and the overall operating rate was about
73.
42%.
There is still no specific driving date at sea level in Baotou, Shandong Hengtong resumed normal driving, and other factories started well
.

Price: International naphtha prices continue to move lower
.
CF Japan reported 549.
62 tons, -1.
98%; FOB Singapore is trading at $59.
6/b, -2.
07%.

The ethylene market remained stable, CFR Northeast Asia 1315, flat; CFR Southeast Asia was flat at $1220/mt
.
Domestic calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
.

Spot market: The price of some domestic PVC spot markets remained stable
.
North China calcium carbide law reported 6540 yuan / ton, flat; ethylene law reported 6680 yuan / ton, flat; East China calcium carbide method reported 6650 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
.

Approaching the Spring Festival, the number of holiday enterprises in the downstream market increased, the enthusiasm of market participation weakened, and the demand for pre-holiday stocking tended to end; On the supply side, the maintenance of the plant was relatively small, and the operating rate recovered
.
The fundamentals are intertwined
with long and short.

Technically, the PVC1805 contract is sideways around the five-day moving average, and the KDJ and MACD indicators show signs of stopping, but considering that the long holiday is approaching, affected by the pre-holiday effect, it is expected that the short-term will still maintain a range-bound format, with upper pressure 6825 and lower support 6650
.
Aggressive investments can sell high and sell low in this range
.