Inventories rebounded slightly, and PVC volatility closed down

Raw material prices: 1, Japan naphtha CF Japan reported 505.
62 yuan / ton, down 1; Naphtha FOB Singapore was trading at $54.
14 a barrel, down 0.
11
.
ethylene CFR Northeast Asia 1315, flat; CFR Southeast Asia was flat at $1200/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 7650 yuan / ton, down 20; ethylene law reported 7780 yuan / ton, down 140; East China calcium carbide law reported 7450 yuan / ton, down 100; South China calcium carbide method 7700, down 50, ethylene method 7950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2700 yuan, flat
.

News: 1.
Shandong Dongyue PVC plant started at about 80%, the daily output is about 240 tons, the supply is limited, and the manufacturer's factory quotation is 7750 yuan / ton acceptance
.
The factory plans to start maintenance
on September 17.

Summary of views: calcium carbide prices are firm, ethylene supplies are tight, and prices continue to rise, which has strong support for PVC costs
.
However, short-term PVC was affected by the increase in operating rate, inventory rebounded slightly, coupled with delivery months, the increase in exchange warehouse receipts, the increase in market supply, coupled with the sharp decline in black series, suppressed PVC futures prices
.
Enter the small peak season of gold nine silver ten demand, pay attention to the demand
of the future market.
Technically, the PVC1801 contract fluctuated down, and the late position reduction stabilized slightly, focusing on the support around 7000 below, the pressure around 7350 above, and the short-term recommendation to go long
in the 7000-7350 range.