The market supply is tight, and PVC is cautious in short-term chasing

In terms of news, the price of Shandong Xinfa PVC was raised by 100 yuan / ton, the supply was limited, and the calcium carbide method 5 type material was implemented at 6350 yuan / ton in cash
.
The 600,000 tons/year plant in the plant is still open, the inventory pressure is not large, and the shipment is normal
.

In terms of prices, Japan's naphtha CF Japan was at 409 yuan / ton, down 7.
38; naphtha FOB Singapore was at 43.
76 US dollars / barrel, down 0.
86
.
ethylene CFR Northeast Asia 945 US dollars / ton, up 4; CFR Southeast Asia was trading at $865/mt, up 4
.

In terms of market, some domestic PVC spot market prices rose
.
North China calcium carbide law reported 6480 yuan / ton, up 100; ethylene law reported 6860 yuan / ton, down 40; East China calcium carbide law reported 6570 yuan / ton, up 20; Ethylene law reported 6600 yuan / ton, flat; South China calcium carbide method reported 6620, up 70, ethylene method 6800 tons, flat
.
The price of raw materials was basically flat, East China reported 2950 yuan, flat, and Northwest reported 2480 yuan, flat
.

Summary of views: The short-term market supply is tight, most companies have a half-month pre-sale, enterprise quotations have been raised, support the current price is higher, the later production safety inspection and the 70th anniversary celebration of Inner Mongolia, or continue to affect the start of PVC equipment, it is expected to be dominated by short-term strong
shocks.
Technically, the PVC1709 contract closed up in volatility, and the futures price tested the support near the 5-day moving average below, and the futures price is expected to remain strong and volatile, but the KDJ indicator is in the oversold area chasing up cautiously, and it is recommended to take a pullback to go long
.