On Thursday, the PVC1701 contract closed in volatility, testing the first support level of 5500 below, testing the pressure at the 5700 mark above, and a technical pullback appeared, but the overall pullback is expected to be limited, and the short-term focus on support
Raw material prices: 1, Japan naphtha CF Japan reported 400.
12 yuan / ton, up 1.
12; naphtha FOB Singapore reported 42.
35 US dollars / barrel, up 0.
Ethylene CFR Northeast Asia was at $1180/ton, up 5, and CFR Southeast Asia was flat at $1070/ton
Spot market: The price of some domestic PVC spot market is basically flat
North China calcium carbide law reported 5850 yuan / ton, flat; ethylene law reported 6360 yuan / ton, flat; East China calcium carbide method reported 6000 yuan / ton, flat, ethylene law reported 6500 yuan / ton, flat
South China calcium carbide method reported 5920, flat, ethylene method 6550 tons, up 50
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
News side: 1.
According to customs data, in July 2016, China's PVC export volume was 123250.
510 tons, the cumulative export volume was 693644.
560 tons, the export amount of the month was 90.
4261 million US dollars, the cumulative export amount was 501.
4003 million US dollars, the average export price of the month was 733.
68 US dollars / ton, the cumulative average export price was 722.
85 US dollars / ton, the export volume increased by 22.
04% month-on-month, and the year-on-year increase was 98.
Compared with the same period of the previous year, the volume increased by 53.
Warehouse receipt data: 3705
Summary of views: Fundamentally, due to the influence of environmental protection policies and G20, the supply of calcium carbide is slightly insufficient, but at present, due to the maintenance of some PVC devices downstream, the supply of calcium carbide has improved
PVC social inventory maintained at a moderate to lower level, coupled with some maintenance devices, it is expected that the overall supply in the future market will be tight, which will have a certain supporting effect on PVC prices and limit their decline