PVC closed slightly higher during the day and maintained low volatility in the short term

In terms of news: Sichuan Yibin Tianyuan PVC plant 380,000 tons / year plant began to overhaul for one week on the 3rd, Sichuan calcium carbide method 5 type material around the quotation of about 5800 yuan / ton, real transaction negotiation
.

Price: Japan Naphtha CF Japan reported 431 yuan / ton, down 5.
88; Naphtha FOB Singapore reported 46.
88 US dollars / barrel, down 0.
59
.
ethylene CFR Northeast Asia 1210 US dollars / ton, flat; CFR Southeast Asia was flat at $1,075/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5750 yuan / ton, flat; ethylene law reported 6700 yuan / ton, up 160; East China calcium carbide law reported 5650 yuan / ton, flat; Ethylene law reported 6350 yuan / ton, unchanged
.
South China calcium carbide method reported 5700, flat, ethylene method 6300 tons, flat
.
The price of raw materials was basically flat, East China reported 2950 yuan, flat, Northwest reported 2600 yuan, flat
.

Summary of views: The supply of upstream calcium carbide is tight, the price is stable, and there is a certain cost support
for PVC.
After the price increase in the early stage of supply, the enthusiasm of market ordering increased, the social inventory was slightly digested, coupled with the impact of equipment maintenance on the supply growth rate slowed down slightly, enterprises have a certain price intention, but the downstream environmental protection supervision operating rate is reduced, demand is limited, the futures price upward momentum is insufficient, the fundamentals are long and short intertwined, and the futures price is expected to remain low and volatile
.
Technically, the PVC1709 contract closed up in volatility, testing the pressure around 5700 above, testing the support around 5500 below, and the futures price is expected to remain in the range of 5500-5700, and it is recommended to sell short in the range
.