PVC weak finishing intraday shrinkage and position reduction

News: Vinyl chloride prices in Asia fell $10/mt this week to $790/mt CFR Far East and $825/mtCFR Southeast Asia
.
Affected by the weak downstream PVC market this week and the pressure of the unfavorable outlook of vinyl chloride, the procurement demand of the vinyl chloride market declined
.
Vinyl chloride maintenance companies are expected to resume by
the end of March.
Indonesia's 250,000-tonne-per-year vinyl chloride plant No.
2 is expected to be overhauled and resumed in mid-March; In late March, the 200,000-ton-per-year vinyl chloride plant of Keiyo Monomer in Chiba, Japan, completed overhaul and resumed production
.
The VCM plant in Asahimas began servicing in mid-January and Keiyo Monomer in mid-February, both on an annual normal maintenance schedule
.

Upstream price: naphtha CF Japan reported 562.
5 US dollars / ton, down 0.
44%; FOB Singapore was trading at $61.
23 a barrel, down 0.
46%.

ethylene CFR Northeast Asia 1310, up $10; 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 6570 yuan / ton, down 20 yuan; ethylene law reported 6730 yuan / ton, down 40 yuan; East China calcium carbide method reported 6400 yuan / ton, down 100 yuan, ethylene method 6900 yuan / ton, down 100 yuan; South China calcium carbide method 6650, flat, ethylene method 7050 yuan, flat
.

PVC1805 contract weak finishing, intraday shrinkage and position
reduction.
Shows weakness in the short term
.
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
.