PVC stabilized slightly and rose The market is well supplied

News: 1.
From January to February 2017, domestic polyvinyl chloride (PVC) production was 2.
937 million tons, compared with 2.
853 million tons in the same period last year, an increase of 2.
9%
year-on-year.

Raw material prices: 1, Japan naphtha CF Japan reported 466.
38 yuan / ton, up 0.
5; naphtha FOB Singapore reported 50.
43 US dollars / barrel, up 0.
19
.
ethylene CFR Northeast Asia 1165 US dollars / ton, down 45; CFR Southeast Asia was trading at $1,080 a tonne, down 20
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6370 yuan / ton, flat; ethylene law reported 6640 yuan / ton, down 10; East China calcium carbide law reported 6400 yuan / ton, flat
.
South China calcium carbide method reported 6400 yuan / ton, flat, ethylene method 6950 tons, flat
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.

PVC upstream calcium carbide raw materials have stabilized slightly in the short term, and the rise of coal has boosted PVC, and PVC cost support has strengthened
.
However, the caustic soda operating rate has risen, the PVC market is fully supplied, the shipment pressure is large, and the price increase space is expected to be limited, pay attention to the demand in the northern area and the spring maintenance time
after the weather warms.
Technically, the PVC1705 contract closed up in shock, short-term lower test of support around 6500, upper test of pressure around 6750, futures price or maintain in the 6500-6750 range of strong volatility, it is recommended to trade long on the dip
.