PVC reduced positions to the upside and fell slightly in the afternoon

Raw material prices: 1, Japan naphtha CF Japan reported 589.
5 US dollars / ton, up 6.
62; naphtha FOB Singapore reported 64.
39 US dollars / barrel, up 0.
78
.
ethylene CFR Northeast Asia 1295, flat; CFR Southeast Asia was flat at $1155/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6160 yuan / ton, flat; Ethylene law reported 6450 yuan / ton, unchanged; East China calcium carbide method reported 6100 yuan / ton, up 30, ethylene method 6700 yuan / ton, flat; South China calcium carbide method 6150, up 30, ethylene method 6720, flat
.
The price of raw materials was flat, East China reported 3300 yuan, flat, and Northwest reported 3470 yuan, flat
.

News: 1.
Shandong Xinfa 600,000 tons/year PVC plant is normal, and the return order is the mainstay, and the supply is tight
.
The price was raised by 30 yuan / ton, and the factory quotation was 6030 yuan / ton in cash exchange
.

Summary of views: the price of coal and crude oil in the upstream of the northern short term is firm, the support of PVC costs is strong, coupled with the increase in winter transportation costs in the north, the arrival of goods in the main sales area is unstable, the downstream bargain replenishment, PVC futures prices are over-falling and rebounding, but in the demand off-season is expected to have limited
upside.

Technically, PVC1801 contract reduced positions upward in the morning, fell slightly in the afternoon, KDJ indicators turned upward, is expected to maintain a strong range of volatility in the short term, short-term lower test of support around 6100 above focus on pressure around 6400, short-term can be in the 6100-6400 range of bargain hunting
.