PVC volatility fell and trading volume fell

News: On January 9, the export price of PVC in the United States rose slightly by $5 to $790, while the price in northwest Europe was mixed, FD futures rose $15 to $1,077, and Russian PVC fell 15 euros to 725 euros
.
The Asian market remained stable, with CFR China trading at $885 and CFR Southeast Asia trading at $
880.

Upstream Price: Naphtha CF Japan reported $466.
25/mt, -1.
95%; FOB Singapore is trading at $49.
43/b, -2.
05%.

ethylene CFR Northeast Asia 870 US dollars / ton, -0%; CFR Southeast Asia was trading at $760/mt, -0%.

Domestic calcium carbide prices fell slightly, with East China reporting 3100 yuan, -0%, and Northwest China reporting 2890 yuan, -0%.

Spot market: CFR Southeast Asia at $880, +0%; CFR China is trading at $885, +0%.

Domestic: Shandong calcium carbide law reported 6460 yuan / ton, -0.
31%; Ethylene law reported 6800 yuan / ton, -0%; East China calcium carbide method reported 6600 yuan / ton, -0%, ethylene method 7000 yuan, -0.
71%; South China calcium carbide method 6750 yuan, +0%, ethylene method 7200 yuan, -0%.

PVC1905 fell in volatility, trading volume declined, and positions decreased
slightly.
Fundamentally, the gradual decline in PVC downstream demand has produced a certain suppression of prices, but spot prices have stopped falling and stabilized, and the supply pressure is not large, which has formed a certain support
for prices.

Technically, both MACD and KDJ indicators are hovering at the median level, and it is expected to remain range-bound in the short term
.
Operationally, investors are advised to continue operating
in the 6300-6500 range.