Cautiously optimistic mentality remains unchanged PVC market runs high

The PVC market continues to improve
.
Traders are hyped and continue to overreport operations, but downstream factories are resistant and lack enthusiasm for purchasing
.

Upstream market: U.
S.
WTI crude November futures closed down $1.
84, or 3.
97 percent, at $44.
48 a barrel, and Brent crude November futures closed down $1.
76, or 3.
69 percent, at $45.
89 a barrel
on Friday.
Asian ethylene market prices fell, CFR Northeast Asia prices fell $10 to close at $1164.
5-1166.
5 / ton; CFR Southeast Asia prices fell $5 to settle at $1039.
5-1041.
5/mt
.

The spot market traded flat, and prices were stable and small
.

The Shanghai PVC market has limited arrivals, low inventory, and traders are reluctant to sell
.
Type 5 mainstream self-pickup quotation is 6850-6930 yuan / ton, and higher quotations are also available
.

The PVC market in Hangzhou has not changed much, low-end quotations have decreased, high-price transactions are general, and the overall report is stable
.
Type 5 ordinary calcium carbide mainstream self-reported 6840-6900 yuan / ton, slightly higher quotation exists, low price is difficult to find
.

The PVC market in Qilu Chemical City is not much in supply, the trading is active, the transaction price continues to rise, and some transactions can be negotiated
.

Latest Offer:

Shandong Dongyue PVC started to return to full load, the supply is in short supply, and the price is temporarily stable
.
Type 5 material factory report 6800 yuan / ton acceptance
.

Sichuan Chengdu Huarong PVC plant started 50%, the supply is not much, the price is raised
.
Type 5 material was sent to the report of 6800 yuan / ton acceptance
.

Sichuan Jinlu PVC started at full load, the supply of goods is not much, and the price is increased by 50 yuan / ton
.
Type 5 material is delivered to 6900 yuan / ton, type 3/8 is 200 yuan / ton, and the actual transaction can be negotiated
.

As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic rose by 20-200 yuan / ton, of which S-101/Shanghai Hangwang was as low as 10,400 yuan / ton (up 200), S-02/Shanghai Sanyi was as low as 9,150 yuan / ton (up 50), and S-102-4/Shanghai Hangwang was as low as 9,920 yuan / ton (up 20).

The market is cautiously optimistic and remains unchanged
.
The mainstream of petrochemical enterprises is still mainly adjusted to the factory, which means that the pressure on petrochemical internal inventory is not large in the short term, which is another support
for the market.
It is expected that the short-term PVC market will still operate at a high level
.