PVC prices bottomed out and rebounded, and the short-term continuation of the strong trend

News: 1.
Shandong Xinfa PVC quotation rose slightly by 50, calcium carbide method 5 type material implementation of 5550 yuan / ton cash exchange, limited sales
.
The 600,000 tons/year plant in the plant is fully loaded, and the shipment situation is acceptable
.
2.
Inner Mongolia Wuhai Chemical PVC calcium carbide method 5 type material quotation at 5500 yuan / ton acceptance, 8 type 5700 yuan / ton, real negotiation, the plant area 300,000 tons / year PVC device temporary stop in the morning, when to resume has not been announced, inventory is not much
.

Price: Japan naphtha CF Japan reported 453.
25 yuan / ton, down 11; Naphtha FOB Singapore was trading at $49.
55 a barrel, down 1.
3
.
ethylene CFR Northeast Asia 1205 US dollars / ton, flat; CFR Southeast Asia was flat at $1,060/mt
.

Spot market: The price of some domestic PVC spot markets increased
slightly.
North China calcium carbide law reported 5620 yuan / ton, flat; ethylene law reported 6300 yuan / ton, flat; East China calcium carbide law reported 5650 yuan / ton, up 80
.
South China calcium carbide method reported 5670, up 40, ethylene method 6070 tons, flat
.
The price of raw materials was basically flat, with East China reporting 2950 yuan, flat, and Northwest reported 2550 yuan, flat
.

On the whole, short-term prices fell to near the cost line and were supported, coupled with the market's good expectations for the maintenance of later devices, futures bears reduced their positions, futures prices bottomed out, and some companies
' factory prices rose.
Technically, PVC1709 contract to reduce positions upward, above test the pressure around 5900-6000, below test the support near the five-day line, KDJ indicator turned upward, futures price short-term continuation of strong volatility, short-term can rely on the five-day line short long trading
.