PVC weak finishing position slightly increased

News: Affected by the weak downstream PVC market and the unpromising outlook of vinyl chloride, the price of vinyl chloride in Asia fell by $10/mt to $790/t CFR Far East and $825/mt CFR Southeast Asia
.
Procurement demand for vinyl chloride market declined
.
Many vinyl chloride maintenance enterprises are expected to resume operation
at the end of March.

Upstream prices: Naphtha CF Japan reported $565.
75 / ton, up 2.
26%; FOB Singapore was trading at $61.
63 a barrel, up 2.
27%.

ethylene CFR Northeast Asia 1310, flat; CFR Southeast Asia was flat at $1230/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: PVC China CIF price was flat at $980; North China calcium carbide law reported 6520 yuan / ton, flat; ethylene law reported 6730 yuan / ton, flat; East China calcium carbide method reported 6330 yuan / ton, flat, ethylene method 6900 yuan / ton, flat; South China calcium carbide method 6400, down 100 yuan, ethylene method 7050 yuan, flat
.

The PVC1805 contract was weakly sorted out, and the position increased
slightly.
Shows weakness in the short term
.
Fundamentally, spot prices have loosened, and during the two sessions, environmental protection efforts have increased, and the sluggish downstream demand has formed a certain suppression
of futures prices.
It is expected that the weak tidying pattern
will continue.
Operationally, investors can hold short orders in their hands until the 6310 line to the profit level
cautiously.