Downstream follow-up is slow PVC market remains negative

Upstream raw materials: Asian ethylene CFR Northeast Asia stable harvest at 1189.
5-1191.
5 US dollars / ton, CFR Southeast Asia stable at 1144.
5-1146.
5 US dollars / ton
.
The purchase price of calcium carbide rose sporadically, and the rest waited and watched
.
The distribution of calcium carbide sources is uneven, and the downstream arrival is still tight and sufficient, and the market is entangled
in the mentality of the future market.
It is expected that short-term procurement in various places will remain positive, and it will take time
for the tight supply of calcium carbide to ease significantly.

Enterprise dynamics: calcium carbide PVC production enterprises quotations are slightly loosened
.
Type 5 ordinary calcium carbide around the Inner Mongolia area mainstream acceptance factory 5250-5300 yuan / ton; Mainstream acceptance factory in Shandong 5350-5450 yuan / ton; The mainstream factory in Hebei is 5200-5350 yuan / ton acceptance; The mainstream factory in Shanxi is 5250-5350 yuan / ton acceptance
.
The mainstream ethylene enterprises in East China sent the price of 5700-5800 yuan / ton
.

Domestic ethylene PVC enterprises as a whole are mostly stable for the time being
.
At present, Qilu Petrochemical, Tianjin Dagu and LG Dagu in North China are shipped to 5400-5600 yuan / ton, East China is delivered to 5700-5750 yuan / ton, and Taiwan Formosa Plastics quoted in April to 800 US dollars / ton CFR China's main port
.

The PVC futures market on the plastic exchange fluctuated
in a narrow range.
Price trends in various regions were mixed, with South China, Southwest and Northwest closing on a rising trend, East China closing on a downward trend, and Northwest Flat
on a flat trend.
As of the close, the settlement price in South China in May was 5394.
29 yuan (ton price, the same below), up 43.
59 yuan; East China settled at 5400 yuan, down 20 yuan; North China settled at 5210 yuan, up 10 yuan; and ethylene settlement price was 5810 yuan, up 10 yuan
.
Fundamentally, the domestic PVC market maintained a negative trend, the major markets performed poorly, the transaction continued to be sluggish, more wait-and-see attitude, traders let out shipments, quotations continued to decline
.
Upstream manufacturers began to slightly adjust their ex-factory prices one after another, and their quotations fell slightly
.
It is expected that the short-term plastic exchange PVC will maintain a weak shock pattern
.

Forecast for the future market: the domestic PVC market maintains a negative situation, the PVC market in the futures market continues to fluctuate and pullback, the bearish atmosphere in the market is strong, the PVC market in the spot market lacks favorable support, traders quote slowly falling, the terminal downstream follow-up is slow, and the market transaction is general
.
The quotations of upstream manufacturers are basically stable, and there are individual pullbacks
.
It is expected that the domestic PVC market will maintain a sluggish trend
in the short term.