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PVC market high finishing
.
The mentality of merchants is acceptable, and the
main thing is to seek substantive transactions.
The demand of downstream factories is flat, and more on-demand procurement is strong.
Upstream market: Oil prices tumbled more than 3 percent, with U.
S.
WTI crude for October futures closing down $1.
47, or 3.
03 percent, at $47.
05 a barrel
.
Brent crude October futures closed down $1.
72, or 3.
38 percent, at $49.
16 a barrel
on Monday.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1159.
5-1161.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1069.
5-1071.
5/mt
.
The spot market traded flat, and prices were stable and small
.
There are not many sources of PVC in the Linyi market, and merchants will ship with the market, with cost support and firm prices
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5670-5700 yuan / ton, and the price of the whole vehicle is slightly lower
.
The Shanghai PVC market has not changed much, traders have maintained stable shipments, downstream procurement is not active, and trading is flat
.
The mainstream self-pickup quotation of type 5 is 5920-6000 yuan / ton, and a higher price exists
.
There are not many supplies in the PVC market in Guangzhou, the downstream demand is general, the overall trading is tepid, the merchants follow the market and wait and see, and the mainstream transaction price fluctuations are limited
.
PVC traders' quotations are firm, and the cost of supply has a strong support for the market, but the terminal follow-up is still difficult
.
It is expected that the short-term PVC market will remain firm
.