PVC rushes back down and suggests range trading

Raw material prices: 1, Japan naphtha CF Japan reported 593.
38 US dollars / ton, down 10; Naphtha FOB Singapore was trading at $64.
84 a barrel, down 1.
14
.
ethylene CFR Northeast Asia 1290, up 30; CFR Southeast Asia was trading at $1160/mt, up 20
%.

Spot market: The price of some domestic PVC spot markets fell
.
North China calcium carbide law reported 6360 yuan / ton, flat; Ethylene law reported 6640 yuan / ton, flat; East China calcium carbide method reported 6500 yuan / ton, down 50, ethylene method 6850 yuan / ton, flat; South China calcium carbide method 6550, down 30, ethylene method 6820, flat
.
The price of raw materials was flat, East China reported 3620 yuan, flat, and Northwest reported 3450 yuan, flat
.

News: 1.
Shandong Xinfa 600,000 tons/year PVC plant is normal, and the return order is the mainstay
.
Today's price rose slightly by 20, and the calcium carbide method 5 type factory execution was 6220 yuan / ton spot exchange
.

In the short term, the northern part of the winter impact, the overall demand is less than expected, coupled with the recovery of market operating rate, the market supply has increased
slightly.
However, the lack of supply increment, the strength of upstream calcium carbide and black raw materials, and the cost near the profit and loss line have some support
for the price.

Technically, the PVC1801 contract rushed back down, focusing on support around 6300 below the short-term, focusing on pressure around 6500 above, and maintaining a range of 6300-6500 in the short term, and range trading
is recommended.