June 2018 cable raw materials (PVC) monthly report

This month, the news of limestone environmental protection and the closure of small calcium carbide factories speculated in the early stage stimulated the rise of the market to a certain extent, and the news of environmental protection review hit the market
from time to time.
From April to the end of June, limestone did not cause the shutdown of calcium carbide production, and the partial shutdown of small calcium carbide factories did not cause a sharp rise in calcium carbide prices, one is that the price of calcium carbide itself is at a high level, the second is that the maintenance of PVC manufacturers has also reduced the use of calcium carbide to a certain extent, and the third and most important point is that environmental protection has not caused a large loss
to calcium carbide production.

Naphtha CF Japan reported $666.
25 / ton, up 0.
02%; FOB Singapore was trading at $73.
07 a barrel, down 0.
05%.

ethylene CFR Northeast Asia 1390 US dollars / ton, down 5 US dollars; CFR Southeast Asia was flat at $1270/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3060 yuan, flat
.

Worried about the escalation of the US-China trade war, the decline in global stock markets dragged down the market, and European and US crude oil futures fell
.
WTI rebounded
slightly in global electronic trading after hours following the release of U.
S.
oil inventory data.
July 2018 West Texas Light Oil futures settled at $65.
07 per barrel, down $0.
78, or 1.
2%, from the previous session, trading in a range of $64.
39-$65.
9, while August 2018 Brent crude oil futures on the Intercontinental Exchange in London settled at $75.
08 per barrel, down $0.
26, or 0.
3%, from the previous session, trading in a range of $74.
45-$75.
55
.