PVC trend is weak and maintain a downward trend in the short term

In terms of news: Shandong Xinfa PVC continued to be lowered, calcium carbide method 5 type material to implement 5550 yuan / ton cash withdrawal, the plant area 600,000 tons / year equipment started full load, the cargo situation is more general
.

Price: Japan Naphtha CF Japan reported 486.
62 yuan / ton, down 1.
26; Naphtha FOB Singapore reported 53.
17 US dollars / barrel, down 0.
19
.
ethylene CFR Northeast Asia 1200 US dollars / ton, up 20; CFR Southeast Asia was trading at $1,060 a tonne, up 10
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 5860 yuan / ton, flat; ethylene law reported 6180 yuan / ton, down 20; East China calcium carbide law reported 5600 yuan / ton, down 70
.
South China calcium carbide method reported 5700, down 50, ethylene method 6300 tons, down 50
.
The price of raw materials was basically flat, with East China reporting 2950 yuan, flat, and Northwest reported 2550 yuan, flat
.

Summary of views: Chlor-alkali enterprises are stimulated by high profits to maintain high load starts, PVC enterprise inventories continue to increase, coupled with the decline in the start of downstream enterprises under environmental protection supervision, Indian port workers strike exports are affected, demand follow-up is insufficient, under the pressure of supply and demand imbalance, the market is weak and shocking
.

Technically, the PVC1709 contract closed down in shock, the short-term upper moving average showed a short arrangement, and the futures price maintained a downward trend, but the KDJ indicator was in the oversold area, which did not rule out an oversold rebound, and the pressure near the five-day line was tested above, and the intraday wait-and-see was the mainstay
.