Downstream demand is cold PVC price increase space is limited

Raw material prices: 1, Japan naphtha CF Japan reported 508.
12 yuan / ton, down 8; Naphtha FOB Singapore was trading at $55.
28 a barrel, down 0.
96
.
Ethylene CFR Northeast Asia was flat at $1110/mt, and CFR Southeast Asia was flat at $1005/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 6280 yuan / ton, flat; ethylene law reported 6740 yuan / ton, flat; East China calcium carbide law reported 6400 yuan / ton, flat
.
South China calcium carbide method reported 6350, flat, ethylene method 6950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3,310 yuan, flat, and Northwest reporting 3,000 yuan, flat
.

News side: 1, Shandong Xinfa PVC quotation today rose slightly, the range is 20 yuan / ton, calcium carbide method 5 type material implementation of 6240 yuan / ton cash withdrawal, the factory area 600,000 tons / year equipment start normally, the enterprise has no inventory, some limited control
shipments.

The Spring Festival is approaching, and the downstream stocking is nearing the end, but some enterprises do not have much inventory, and the price continues to rise or do not quote, but the downstream demand has entered a cold period, and the price increase space is expected to be limited, and the short-term maintenance range shock
.
Technically, the PVC1705 contract closed up in volatility, the futures price tested the support around 6400 below, the pressure around 6600 was tested above, and the futures price or maintained in the 6400-6600 range oscillation, recommended range trading
.