Cost support weakens PVC continues to be lowered

Raw material prices: 1, Japan naphtha CF Japan reported 509.
75 yuan / ton, down 3.
25; naphtha FOB Singapore reported 55.
66 US dollars / barrel, down 0.
51
.
ethylene CFR Northeast Asia 1385 US dollars / ton, down 5; CFR Southeast Asia was flat at $1150/mt
.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 6550 yuan / ton, down 70; Ethylene law reported 6950 yuan / ton, unchanged; East China calcium carbide law reported 6570 yuan / ton, down 40
.
South China calcium carbide method reported 6600 yuan / ton, down 50, ethylene method 7100 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 latest implementation of 6500-6550 yuan / ton acceptance, the actual transaction slightly lower 30-50 yuan / ton about down
.
The plant's 360,000 tons/year installation is basically normal, and the shipment situation is relatively flat
.

Although some enterprises pre-sold orders until the end of February before the Spring Festival, the downstream is not enthusiastic about the purchase of high-priced raw materials after the Spring Festival, coupled with the sharp weakening of coal and calcium carbide, the support for PVC costs weakened, and PVC futures prices came under pressure downward, and the short-term or maintained weak
shocks.
Technically, the PVC1705 contract fluctuated down, and the futures price continued to test the support around 6500 if it fell below 6200, and the pressure at the 6700 mark was tested above, it is recommended to wait and see
for the time being.