Downstream stockpiles are obvious, and PVC shocks close up

Raw material prices: 1, Japan naphtha CF Japan reported 526.
25 yuan / ton, up 5.
87; naphtha FOB Singapore reported 56.
59 US dollars / barrel, up 0.
72
.
ethylene CFR Northeast Asia 1350, flat; CFR Southeast Asia was flat at $1220/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China Denserge Law reported 7110 yuan / ton, flat; Ethylene law reported 7500 yuan / ton, flat; East China calcium carbide law reported 7100 yuan / ton, up 100; South China calcium carbide method 7100, up 80, ethylene method 7600 tons, flat
.
Raw material prices were basically flat, with East China reporting 3,300 yuan, flat, and Northwest reporting 2,900 yuan, up 150

News: 1.
Lutai Chemical PVC 360,000 tons/year plant is currently in shutdown, and the plant is expected to start up
on September 28.
At present, the raw materials of calcium carbide of manufacturers have arrived one after another, preparing for driving, and products have been produced around the National Day
.

Summary of views: Fundamentally, the price of upstream raw materials is firm, which has a certain cost support
for PVC.
However, a slight recovery in short-term inventories and poor downstream demand limited price upward momentum
.
However, the downstream stocking of the National Day holiday has some support
for the price in the short term.
Technically, the PVC1801 contract closed in volatility, focusing on support around 6700 below, and pressure around 7000 above, because the KDJ indicator is in the oversold zone, and it is recommended to go long
in the 6700-7000 range in the short term.