August 24 PVC morning review

Raw material prices: 1, Japan naphtha CF Japan reported 408 yuan / ton, up 2; Naphtha FOB Singapore was trading at $42.
95 a barrel, up 0.
21
.
Ethylene CFR Northeast Asia was at $1160/ton, up 10, and CFR Southeast Asia was at $1070/ton, up 10
.

Spot market: The price of some domestic PVC spot market has risen.

North China calcium carbide law reported 5850 yuan / ton, flat; ethylene law reported 6380 yuan / ton, down 20; East China calcium carbide method reported 6000 yuan / ton, flat, ethylene law reported 6500 yuan / ton, flat
.
South China calcium carbide law reported 5920, flat, ethylene method 6400 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1.
Today, Inner Mongolia Yihua PVC is temporarily not offered
.
The 300,000 tons/year plant in the factory was shut down on August 19 and is expected to be about
a week.

Warehouse receipt data: 3345
.

Fundamentally, affected by environmental protection policies and G20, calcium carbide supply is slightly insufficient, supporting stronger prices, and further strengthening the support for PVC costs
.
Short-term PVC social inventory maintained a medium-low level, the market transaction was better, the expected decline in futures price was limited, and it was recommended to go long
on dips in the range.