PVC shock closed up, and there is not much upside for prices

Raw material prices: 1, Japan naphtha CF Japan reported 518.
5 yuan / ton, up 11.
25; naphtha FOB Singapore reported 56.
75 US dollars / barrel, up 1.
18
.
ethylene CFR Northeast Asia 1285 US dollars / ton, up 15; CFR Southeast Asia was trading at $1,100 a tonne, up 5
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6650 yuan / ton, flat; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide law reported 6630 yuan / ton, flat
.
South China calcium carbide method reported 6600 yuan / ton, flat, ethylene method 7100 tons, flat
.
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 quotation today has not yet been introduced, calcium carbide method 5 type material is expected to be stable, temporarily refer to 6570 yuan / ton cash exchange factory pickup, the plant 600,000 tons / year device is basically operating normally, the factory inventory is small, some limited sales
.

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 tested the support around 6650 below, the pressure of the 7000 integer mark was tested above, and the futures price may remain in the 6650-6900 range oscillation, recommended range trading
.