PVC rebounded weakly and closed back below the half-year line

News: Domestic PVC companies continue to be strong, the current inventory pressure of enterprises is acceptable, and there are still arrears
.
Up to now, the mainstream quotation of calcium carbide 5 type material in the northwest region is 6200-6400 yuan / ton acceptance, and the mainstream in Shandong is 6600-6750 yuan / ton spot exchange
.

Upstream prices: Naphtha CF Japan reported 568.
38 tons, up 0.
11%; FOB Singapore was trading at $61.
93 a barrel, up 0.
05%.

ethylene CFR Northeast Asia 1270, up $30; CFR Southeast Asia was trading at $1200 a tonne, up $
30.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: PVC China CIF price was flat at $980; North China calcium carbide law reported 6600 yuan / ton, flat; ethylene law reported 6770 yuan / ton, unchanged; East China calcium carbide method reported 6550 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6700, stable, ethylene method 7050 yuan, stable
.

Today, the PVC1805 contract rebounded weakly and closed back below the half-year line, indicating that the short-term trend is still weak
.
Fundamentally, the stability of spot prices has formed a certain support for futures prices, but during the two sessions, environmental protection efforts have increased, and downstream demand has been sluggish, which has formed a certain suppression
of futures prices.
It is expected that the weak finishing pattern
will continue during the reporting period.
Operationally, investors can hold short orders cautiously, and can open short
positions on the 6670 line when they rebound.