PVC shock closed down and demand follow-up was insufficient

Raw material prices: 1, Japan naphtha CF Japan reported 357.
38 yuan / ton, down 6.
24; naphtha FOB Singapore reported 37.
67 US dollars / barrel, down 0.
77
.
Ethylene CFR Northeast Asia was flat at $1095/mt, and CFR Southeast Asia was flat at $1035/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5450 yuan / ton, flat; Ethylene law reported 5700 yuan / ton, flat; East China calcium carbide law reported 5600 yuan / ton, flat, ethylene law reported 5880 yuan / ton, flat
.
South China calcium carbide method reported 5600, flat, ethylene method 5920 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, Inner Mongolia Yili PVC quotation today has not been adjusted, enterprise calcium carbide method 5 type material implementation of 5400 yuan / ton cash withdrawal
.
The 500,000 tons/year unit in the plant was shut down for maintenance on the 24th, and it is expected to be about a week, and the early orders will be delivered in the near future
.

Fundamentally, short-term social inventories are at a low level, but the market follow-up in the off-season demand season is insufficient, the overall is tepid, and the futures price is expected to remain range-bound
.
Technically, the PVC1609 contract closed down in volatility, testing support around 5550 below, testing the pressure at the 5800 mark above, and expected to maintain a short-term oscillation in the 5550-5800 range, recommended range trading
.