PVC shock closed down and the goods were average

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5170 yuan / ton, down 50; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, flat, ethylene law reported 5650 yuan / ton, flat
.
South China calcium carbide method reported 5220, flat, ethylene method 5650 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Price: 1, Japan naphtha CF Japan reported 428.
38 yuan / ton, up 11.
63; naphtha FOB Singapore reported 45.
61 US dollars / barrel, up 1.
36
.
Ethylene CFR Northeast Asia was at $1070/ton, down 10, and CFR Southeast Asia was flat at $1065/ton
.

News side: 1, Jining Jinwei PVC today's new quotation slightly lowered, the range of 30 yuan / ton, calcium carbide method 5 type implementation of 5220 yuan / ton acceptance self-pickup, type 3 material temporarily not much spot, the spot exchange is slightly lower 80 yuan / ton, the plant 360,000 tons / year device is operating normally, the cargo situation is more general
.

Fundamentally, the spot market is under-traded, but the spot market price is stable, short-term profit-driven some devices have plans to resume production, and into the northern summer harvest season in June, demand slows down, market equipment maintenance is small, it is expected that the supply of the market will increase, and the PVC price has limited
upward momentum.

Technically, the PVC1609 contract closed down in shock, testing support around 5000 below, pressure around 5200 above testing, and maintaining short-term oscillations in the range of 5000-5200, and it is recommended to trade short in the range
.