The market is well supplied, and PVC shocks closed higher

Raw material prices: 1, Japan naphtha CF Japan reported 457.
62 yuan / ton, down 6.
63; naphtha FOB Singapore reported 49.
27 US dollars / barrel, down 0.
75
.
ethylene CFR Northeast Asia 1210 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 6370 yuan / ton, down 20; ethylene law reported 6750 yuan / ton, down 10; East China calcium carbide law reported 6370 yuan / ton, flat
.
South China calcium carbide method reported 6370 yuan / ton, down 10, ethylene method 6950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2650 yuan, flat
.

News side: 1, Lutai Chemical (Jining Jinwei) PVC continued to be lowered, calcium carbide method 5 type material to implement 6450 yuan / ton up and down acceptance, type 3 price 100 yuan / ton, the actual transaction is slightly lower, the plant's 360,000 tons / year device is basically full load, external shipments are general
.

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, PVC1705 contracts increase positions to the upside, short-term lower test of support around 630, upper test of pressure around 6600, futures price or maintain in the 6300-6600 range oscillation, recommended range trading
.