PVC prices generally rise and transaction resistance increases

The PVC1609 contract opened at 5915, with a high of 6020, a low of 5885, and closed at 5955, up 5 from the previous session, or 0.
08%
on the day.
The volume increased to 30,014 lots, and the open position decreased by 5,164 lots to 110,400 lots
.

Raw material prices: 1, Japan naphtha CF Japan reported 354 yuan / ton, down 3; Naphtha FOB Singapore was trading at $37.
15 a barrel, down 0.
32
.
Ethylene CFR Northeast Asia was at $1060/ton, down 15, and CFR Southeast Asia was flat at $1035/ton
.

Spot market: The price of some domestic PVC spot market has risen.

North China calcium carbide law reported 5670 yuan / ton, flat; ethylene law reported 6025 yuan / ton, up 75; East China calcium carbide law reported 5870 yuan / ton, up 20, ethylene law reported 6150 yuan / ton, up 100
.
South China calcium carbide method reported 5820, flat, ethylene method 6220 tons, up 120
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Fundamentally, affected by environmental protection policies, calcium carbide supply is slightly insufficient, supporting the strengthening of prices, and further strengthening the support for PVC costs
.
The short-term PVC social inventory remains at a moderately lower level, but the downstream is tepid, and the futures price is expected to remain range-bound
.
Technically, the PVC1609 contract closed up in volatility, testing support around 5800 below, testing the pressure at the 6100 mark above, and it is expected to maintain short-term oscillations in the 5800-6100 range, and it is recommended to go long
in the range.