The pressure of supply and demand imbalance has increased, and the PVC market is weak and volatile

News: 1.
Shandong Xinfa PVC price was reduced, calcium carbide method 5 type material was implemented 5620 yuan / ton cash withdrawal, the plant area 600,000 tons / year equipment started full load, the cargo situation is more general
.
2.
India will start an indefinite strike at ports on April 19, affecting PVC exports
.

Price: Japan naphtha CF Japan reported 487.
88 yuan / ton, down 8.
06; naphtha FOB Singapore reported 53.
36 US dollars / barrel, down 0.
65
.
ethylene CFR Northeast Asia 1180 US dollars / ton, up 10 yuan; CFR Southeast Asia was flat at $1,050/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 5860 yuan / ton, flat; ethylene law reported 6200 yuan / ton, down 80 yuan; East China calcium carbide law reported 5670 yuan / ton, down 110 yuan
.
South China calcium carbide method reported 5750 yuan, down 150 yuan, ethylene method 6350 tons, down 50 yuan
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
.

Summary of views: Chlor-alkali enterprises are stimulated by high profits to maintain high load starts, PVC enterprise inventories continue to increase, coupled with the decline in the start of downstream enterprises under environmental protection supervision, Indian port workers strike exports are affected, demand follow-up is insufficient, under the pressure of supply and demand imbalance, the market is weak and shocking
.
Technically, the PVC1709 contract continued to fall sharply, the upper moving average showed a short arrangement, short-term test of the pressure near the five-day line, it is recommended that short orders near the five-day line continue to hold
.