On Tuesday, the PVC1609 contract closed in volatility, testing support around 4900 below, pressure level around 5100 above, short-term or maintaining in the 4900-5100 range, recommended range trading
.
Raw material prices: 1, Japan naphtha CF Japan reported 377.
5 yuan / ton, down 18; Naphtha FOB Singapore was trading at $40.
43 a barrel, down 1.
97
.
Ethylene CFR Northeast Asia was flat at $1200/mt, while CFR Southeast Asia was at $1170/mt, up 10
%.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5280 yuan / ton, flat; ethylene law reported 5530 yuan / ton, flat; East China calcium carbide law reported 5280 yuan / ton, flat, ethylene law reported 5720 yuan / ton, flat
.
South China calcium carbide method reported 5350, flat, ethylene method 5800 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2300 yuan, flat
.
News side: 1, Sichuan Yibin Tianyuan PVC 380,000 tons / year temporary failure unexpected shutdown, is expected to recover in the near future, calcium carbide 5 type temporarily not quoted to the outside world, inventory to go to fixed customers
.
Downstream demand has slowed down, manufacturers' shipment pressure has increased, prices have been lowered, and futures prices have been suppressed, but there are still some equipment maintenance in the short term, and the downside is expected to be limited
.
