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    Home > Chemicals Industry > New Chemical Materials > Downstream demand is not good, and the PVC market is stable and falling

    Downstream demand is not good, and the PVC market is stable and falling

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    The PVC market is stable and falling
    The merchant mentality is unstable, the offer is more profitable, the downstream demand is not good, and on-demand procurement is the mainstay


    Upstream market: International oil prices closed higher, with WTI light sweet crude futures for June delivery on the New York Mercantile Exchange (NYMEX) settlement up 47 cents, or 1%,
    at $46.
    70 a barrel.
    July Brent crude futures on London's Intercontinental Exchange (ICE) settled up 48 cents, or 1 percent, at $48.
    08 a barrel
    Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1189.
    5 US dollars / ton; CFR Southeast Asia prices held steady at $1144.

    Spot market: The PVC market in Hangzhou is generally traded and the quotation is stable
    Type 5 ordinary calcium carbide mainstream self-pickup quotation 5220-5280 yuan / ton, slightly higher quotation is also available, difficult to trade
    The PVC market in Hebei has a calm atmosphere, average transactions, and stable mainstream prices
    The mainstream of ordinary type 5 calcium carbide is delivered without tax 4800-4900 yuan / ton, including tax 5120-5230 yuan / ton, and higher quotations are also available
    The PVC market in Guangzhou continued to be calm, downstream demand was general, merchants were in a wait-and-see mood, trading was deadlocked, and mainstream prices remained stable
    The mainstream transaction price of ordinary type 5 calcium carbide is 5200-5240 yuan / ton for self-pickup, and the price of Tianye is slightly higher

    Merchants mostly hold steady and wait-and-see, trading is general, downstream orders are still not active, and it is difficult to boost the confidence of the industry
    It is expected that the short-term PVC market will continue its downturn

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