PVC shock closed up and maintained a range of strong volatility

Raw material prices: 1, Japan naphtha CF Japan reported 523 yuan / ton, up 1; Naphtha FOB Singapore was trading at $57.
59 a barrel, down 0.
12
.
ethylene CFR Northeast Asia 1240 US dollars / ton, up 30; CFR Southeast Asia was flat at $1,075/mt
.

Spot market: The price of some domestic PVC spot market has risen.

North China calcium carbide law reported 6410 yuan / ton, flat; ethylene law reported 6810 yuan / ton, unchanged; East China calcium carbide law reported 6660 yuan / ton, up 160
.
South China calcium carbide method reported 6660, up 40, ethylene method 7100 tons, up 50
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
.

News side: 1, Shandong Xinfa PVC temporary wait-and-see, calcium carbide method 5 type material plant area is not much supply, I heard that some traders shipment price around 6450 is now remitted, the factory area 600,000 tons / year equipment start normally, the recent delivery of more containers
.

Before the Spring Festival, some enterprises pre-sold to February, and some enterprises raised the ex-factory price due to the tight supply of goods, but the downstream enthusiasm for high-priced raw materials was not high, or the upside of the price was limited
.
Technically, the PVC1705 contract closed up in volatility, the futures price below the test of support around 6500, the upper test of pressure around 6850, the futures price or maintain in the 6600-6850 range of strong oscillation, it is recommended to take a short position around 6500, stop loss 6400
.