PVC fell sharply and remained weak and volatile

Raw material prices: 1, Japan naphtha CF Japan reported 463.
88 yuan / ton, up 3.
5; naphtha FOB Singapore reported 50.
21 US dollars / barrel, up 0.
38
.
ethylene CFR Northeast Asia 1150 US dollars / ton, flat; CFR Southeast Asia was flat at $1,045/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6330 yuan / ton, down 20; ethylene law reported 6570 yuan / ton, down 30; East China calcium carbide law reported 6330 yuan / ton, down 40
.
South China calcium carbide method reported 6350 yuan / ton, down 30, ethylene method 6900 tons, flat
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.

News side: 1, Lutai Chemical (Jining Jinwei) PVC price reduction, range of 30 yuan / ton, calcium carbide method 5 type material implementation of 6420 yuan / ton up and down acceptance, type 3 price 100 yuan / ton, the actual transaction is slightly lower, the plant 360,000 tons / year device is basically full load, external sales are acceptable
.

PVC enterprises are affected by poor downstream demand, slow digestion of corporate inventory, traders make mistakes and do not sell smoothly, the futures price is favorable and the support is insufficient, and the company sells at profits, coupled with the decline in crude oil, dragging down chemical prices, short-term or maintaining weak
shocks.
Technically, the PVC1705 contract fell sharply, short-term lower test of support around 6300, upper test of pressure around 6500, futures price or maintain in the 6300-6500 range weak oscillation, recommended range high short trading
.