PVC morning review on June 8

News side: 1, Shandong Xinfa PVC price reduction, calcium carbide method 5 type material is now implemented 5050 yuan / ton cash pickup, large customers discount 10 yuan / ton, factory 600,000 tons / year device production is basically normal, in recent days more delivery of pre-orders
.

Raw material prices: 1, Japan naphtha CF Japan reported 427.
62 yuan / ton, down 3; Naphtha FOB Singapore was trading at $45.
64 a barrel, down 0.
26
.
Ethylene CFR Northeast Asia was flat at $1,055/mt, and CFR Southeast Asia was flat at $1,045/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5170 yuan / ton, flat; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5260 yuan / ton, down 10, ethylene law reported 5600 yuan / ton, down 50
.
South China calcium carbide method reported 5220, flat, ethylene method 5650 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

Fundamentally, the spot market is under-traded, but the spot market price is stable, short-term profit-driven some devices have plans to resume production, and into the northern summer harvest season in June, demand slows down, market equipment maintenance is small, it is expected that the supply of the market will increase, and the PVC price has limited
upward momentum.