Overall demand was less than expected PVC closed slightly lower

Raw material prices: 1, Japan naphtha CF Japan reported 531.
25 US dollars / ton, up 0.
5; naphtha FOB Singapore reported 57.
89 US dollars / barrel, up 0.
05
.
ethylene CFR Northeast Asia 1295, flat; CFR Southeast Asia was flat at $1160/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6770 yuan / ton, down 60; ethylene law reported 6860 yuan / ton, down 40; East China calcium carbide method reported 6650 yuan / ton, flat, ethylene method 7220 yuan / ton, flat; South China calcium carbide method 6750, flat, ethylene method 7070, down 50
.
The price of raw materials was basically flat, with East China reporting 3550 yuan, flat, and Northwest reported 3080 yuan, flat
.

News: 1, Shandong Dongyue 120,000 tons of PVC plant started 6-7 percent, the supply of goods is not much, the quotation is reduced by 50 yuan / ton, the 5 type material factory reported 6850 yuan / ton acceptance, the actual transaction is slightly lower
.

Summary: In the short term, affected by environmental protection and the winter in the north, the overall demand is less than expected, coupled with the increase in supply, the spot price of PVC has been suppressed to a certain extent, but the upstream calcium carbide raw materials are strong and boosted, limiting the downward space
of the futures price.
Technically, the PVC1801 contract rushed back down, focusing on support around 6300 below the short-term, and focusing on the pressure around 6700 above, it is recommended to try a light short position around 6300, with a stop loss of 6200
.