Raw materials stabilized and rose, PVC cost support strengthened

Raw material prices: 1, Japan naphtha CF Japan reported 464.
25 yuan / ton, down 9; Naphtha FOB Singapore was trading at $50.
42 a barrel, down 1
.
ethylene CFR Northeast Asia 1220 US dollars / ton, down 10; CFR Southeast Asia was flat at $1,100/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6390 yuan / ton, down 30; ethylene law reported 6760 yuan / ton, down 40; East China calcium carbide law reported 6370 yuan / ton, down 30
.
South China calcium carbide method reported 6380 yuan / ton, down 20, ethylene method 6950 tons, down 50
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
.

News side: 1, Shandong Xinfa PVC price reduction, calcium carbide method 5 type material implementation 6330-6350 yuan / ton spot foreign exchange factory withdrawal, the plant 600,000 tons / year equipment started full load, stable shipment, limited supply
.

PVC upstream calcium carbide raw materials have stabilized and risen slightly in the short term, which has strengthened the support for PVC costs
.
However, the caustic soda operating rate has risen, the PVC market is fully supplied, the shipment pressure is large, and the price momentum is insufficient, pay attention to the demand in the north and the spring maintenance time
after the weather warms.
Technically, the PVC1705 contract closed up in volatility, short-term lower test of support around 6250, upper test of pressure around 6600, futures price or maintain in the 6250-6600 range oscillation, recommended range trading
.