The PVC market is volatile and it is recommended to wait and see for the time being

Raw material prices: 1, Japan naphtha CF Japan reported 532.
75 yuan / ton, down 4; Naphtha FOB Singapore was trading at $57.
37 a barrel, down 0.
42
.
ethylene CFR Northeast Asia 1350, flat; CFR Southeast Asia was flat at $1220/mt
.

Spot market: The price of some domestic PVC spot markets fell
.
North China Denserge Law reported 7110 yuan / ton, flat; Ethylene law reported 7500 yuan / ton, flat; East China calcium carbide law reported 6900 yuan / ton, down 200; South China calcium carbide method 7100, flat, ethylene method 7600 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3300 yuan, flat, and Northwest reported 2900 yuan, flat
.

News: 1.
Lutai Chemical PVC 360,000 tons/year plant is currently in shutdown, and the plant is expected to start up
on September 28.
At present, the raw materials of calcium carbide of manufacturers have arrived one after another, preparing for driving, and products have been produced around the National Day
.

Summary of views: Affected by the rubber drop limit and the black series plunge during the day, the price weakened
sharply.
Fundamentally, the price of upstream raw materials is firm, which has a certain cost support
for PVC.
However, the slight recovery of short-term inventories and poor downstream demand limit the upward momentum of prices, due to the impact of the 19th National Congress, it is expected that the increase in PVC supply will be limited, and the downstream stocking situation
during the National Day holiday will be concerned.
Technically, the PVC1801 contract rose slightly after the morning gap low opening shock downward, short-term below the focus on support around 6500, above the pressure around 6800, due to the pre-holiday market volatility, it is recommended to wait and see
for the time being.