PVC upward attack was fruitless to maintain weak shocks

News: 1.
PetroChina Dushanzi Petrochemical has an annual output of 1.
3215 million tons of ethylene, ranking first in the country, and Dushanzi Petrochemical supplies more than 90% of raw materials
to the Xinjiang plastics market.
2.
In 2018, the five major general plastics are expected to add 7.
25 million tons of new capacity

Raw material prices: International naphtha prices have declined
.
CF Japan reported 573.
12 tons, -1.
51%; FOB Singapore is trading at $62.
73/b, -1.
62%.

Ethylene market remained stable, CFR Northeast Asia 1320; CFR Southeast Asia was trading at $1220/mt, both unchanged
from yesterday.
Domestic calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
.

Spot market: The price of some domestic PVC spot markets has risen
slightly.
North China calcium carbide law reported 6550 yuan / ton, flat; ethylene law reported 6770 yuan / ton, unchanged; East China calcium carbide method reported 6680 yuan / ton, up 30 yuan, ethylene method 7050 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
.

Approaching the Spring Festival, the number of holiday enterprises in the downstream market increased, the enthusiasm of market participation weakened, and the demand for pre-holiday stocking tended to end; On the supply side, the maintenance of the plant was relatively small, and the operating rate recovered
.
The fundamentals are intertwined with long and short, and short-term shock adjustment is the mainstay
.

Technically, the PVC1805 contract has not been successful, the downward trend of the KDJ indicator has slowed down, MACD is still sorting out near the central axis, and it is expected to maintain a weak shock format in the short term, with upper pressure 6825 and lower support 6650
.
Aggressive investments can sell high and sell low in this range
.