Slowing demand PVC prices have limited upward momentum

Raw material prices: 1, Japan naphtha CF Japan reported 432.
62 yuan / ton, down 5.
63; naphtha FOB Singapore reported 46.
19 US dollars / barrel, down 0.
58
.
Ethylene CFR Northeast Asia was flat at $1,045/mt, and CFR Southeast Asia was flat at $1,045/mt
.

Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5170 yuan / ton, flat; ethylene law reported 5470 yuan / ton, unchanged; East China calcium carbide law reported 5250 yuan / ton, down 10, ethylene law reported 5600 yuan / ton, flat
.
South China calcium carbide method reported 5200, flat, ethylene method 5650 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.

News side: 1, Shaanxi Jintai 270,000 tons / year PVC plant started steadily, shipments are general, enterprises implement new quotations, calcium carbide method 5 type material factory report 5,000 yuan / ton cash exchange, the transaction can be negotiated
.

Fundamentally, the spot market is under-traded, but the spot market price is stable, short-term profit-driven some devices have plans to resume production, and into the northern summer harvest season in June, demand slows down, market equipment maintenance is small, it is expected that the supply of the market will increase, and the PVC price has limited
upward momentum.
Technically, the PVC1609 contract closed down in volatility, testing support around 5000 below, pressure around 5100 above, and maintaining short-term oscillations in the range of 5000-5100, and it is recommended to trade short at the high
.