PVC morning review on May 10

Raw material prices: 1, Japan naphtha CF Japan reported 387.
25 yuan / ton, down 7.
75; naphtha FOB Singapore reported 41.
12 US dollars / barrel, down 0.
97
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot market: The price of some domestic PVC spot market fell
slightly.
North China calcium carbide law reported 5270 yuan / ton, flat; ethylene law reported 5530 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, down 30, ethylene law reported 5700 yuan / ton, unchanged
.
South China calcium carbide method reported 5220, down 30, ethylene method 5750 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1.
Inner Mongolia Junzheng PVC new quotation is lowered, the range is 50-70 yuan / ton, calcium carbide method 5 type material latest implementation of 5080-5100 yuan / ton acceptance self-pickup, for East China and South China reference 5350 yuan / ton withdrawal
.

Fundamentally, the downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which has a certain cost support for PVC, and the fundamentals are expected to maintain range-bound volatility in the short term
.