PVC shock closed down The overall pullback was limited

Raw material prices: 1, Japan naphtha CF Japan reported 405.
62 yuan / ton, up 8; Naphtha FOB Singapore was trading at $42.
95 a barrel, up 0.
89
.
Ethylene CFR Northeast Asia was at $1195/ton, down 5, and CFR Southeast Asia was flat at $1070/ton
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5850 yuan / ton, flat; ethylene law reported 6380 yuan / ton, up 20; East China calcium carbide law reported 5950 yuan / ton, down 50, ethylene law reported 6500 yuan / ton, unchanged
.
South China calcium carbide method reported 5920, flat, ethylene method 6580 tons, up 30
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1.
Shandong Dongyue PVC today reduced the quotation by 50 yuan / ton, and the calcium carbide method 5 type material was accepted at 6100 yuan / ton
.
The plant's 120,000 tons/year PVC plant started about 50%, and the actual transaction was flexible and negotiable
.

Fundamentally, affected by environmental protection policies and G20, calcium carbide supply is slightly insufficient, but at present, due to the maintenance of some downstream PVC devices, calcium carbide supply has improved
.
PVC social inventory maintained at a moderate to lower level, coupled with some maintenance devices, it is expected that the overall supply in the future market will be tight, which will have a certain supporting effect on PVC prices and limit their decline
.
Technically, the PVC1701 contract closed down in volatility, testing the first support level of 5500 below, testing the pressure at the 5700 mark above, and there was a technical pullback, but the overall pullback is expected to be limited, and the short-term focus on support
around 5500.