PVC volume increases short-term market is still weak

News: The start of the domestic PVC industry fell
from last week.
Jinlu, Hengtong maintenance
.
Up to now, the overall operating rate of the domestic PVC industry is about
80.
6%.
Up to now, the total inventory in the southern market is about 395,000 tons, of which the inventory in East China is 284,000 tons, and the inventory index in South China is about 110,000 tons, up 5.
9%
from last week.

Upstream price: Naphtha CF Japan reported 553.
25 US dollars / ton, down 1.
64%; FOB Singapore was trading at $60.
26 a barrel, down 1.
58%.

ethylene CFR Northeast Asia 1310, flat; CFR Southeast Asia was flat at $1230/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: PVC China CIF price was flat at $980; North China calcium carbide law reported 6520 yuan / ton, down 50 yuan; ethylene law reported 6730 yuan / ton, flat; East China calcium carbide method reported 6330 yuan / ton, down 70 yuan, ethylene method 6900 yuan / ton, flat; South China calcium carbide method 6500, down 150 yuan, ethylene method 7050 yuan, flat
.

Today, PVC1805 contract growth is downward, indicating that the short-term is still weak
.
Fundamentally, spot prices have loosened, and during the two sessions, environmental protection efforts have increased, and the sluggish downstream demand has formed a certain suppression
of futures prices.
It is expected that the weak tidying pattern
will continue.
Operationally, investors can hold short orders cautiously
.