PVC shock closed up short-term maintenance range shock

Raw material prices: 1, Japan naphtha CF Japan reported 426.
5 yuan / ton, down 4.
25; naphtha FOB Singapore reported 45.
71 US dollars / barrel, down 0.
31
.
Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1140/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5190 yuan / ton, down 10; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide method reported 5210 yuan / ton, flat, ethylene method reported 5670 yuan / ton, flat
.
South China calcium carbide method reported 5220, flat, ethylene method 5780 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1, Hebei Shenghua PVC temporary stable sales, ordinary 5 type calcium carbide implementation 5130 yuan / ton acceptance factory, type 3 implementation of 5260 yuan / ton acceptance factory, the latest understanding, the original plan around May 22 maintenance plan has been postponed
.

Fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which has a certain cost support for PVC, and the fundamentals are expected to maintain range-bound volatility in the short term
.
Technically, the PVC1609 contract closed up in volatility, testing support around 5000 below, pressure around 5200 above, short-term or maintaining range volatility, it is recommended to sell low and sell low in the 5000-5200 range
.