Downstream demand is flat, PVC prices are falling

Upstream market: Oil prices rose slightly, with benchmark U.
S.
crude futures on the New York Mercantile Exchange closing up $0.
34, or 0.
8 percent, at $
44.
66 a barrel.
Intercontinental Exchange (ICE) Brent crude futures rose $0.
36, or 0.
8 percent, to $45.
37 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1189.
5-1191.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1144.
5-1146.
5/mt
.

Spot market: The PVC market in Guangzhou is light, the demand is not good, the participants are in a wait-and-see mood, and the mainstream price fluctuations are limited
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5210-5240 yuan / ton self-pickup, and the price of Tianye is slightly higher
.
The PVC market in Hangzhou did not trade well, traders continued to make profits and shipments, and quotations fell
.
Type 5 ordinary calcium carbide mainstream self-quotation 5220-5300 yuan / ton, slightly higher quotation is also available, difficult to trade
.
Changzhou PVC market quotation slightly lowered, trading is flat
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5210-5280 yuan / ton, and the slightly higher quotation is also available
.

On the whole, merchants mainly let profits and shipments, downstream demand continues to be flat, cautious wait-and-see mostly, and the real transaction is not good
.
It is expected that the weak finishing pattern of the short-term PVC market will continue
.