PVC shock closed lower and range trading is recommended

Raw material prices: 1, Japanese naphtha CF Japan reported 371.
38 yuan / ton, up 4.
5; naphtha FOB Singapore reported 39.
12 US dollars / barrel, up 0.
58
.
Ethylene CFR Northeast Asia was flat at $1,100/ton, and CFR Southeast Asia was flat at $1,050/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 6375 yuan / ton, up 125; East China calcium carbide law reported 5870 yuan / ton, flat, ethylene method reported 6400 yuan / ton, up 130
.
South China calcium carbide method reported 5880, up 40, ethylene method 6320 tons, up 20
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1.
Chengdu Huarong PVC has no quotation
today.
The 80,000-ton/year plant is shut down for maintenance and is scheduled to start up
on August 18.

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 down in volatility, testing support around 5800 below, testing pressure at the 6100 mark above, and expected to maintain short-term volatility in the 5800-6100 range, recommended range trading
.