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The PVC market continued to focus on the decline in US crude oil inventories and the reduction of production in Iran and Venezuela, and European and US crude oil futures extended their rally
.
However, the strengthening of the dollar and the decline in the US stock market dampened the oil market's
rally.
WTI crude October futures settled at $70.
25 per barrel, up $0.
74, or 1.
1%, from the previous session, trading in a range of $69.
55-$70.
5; Brent crude October futures settled at $77.
77 per barrel, up $0.
63, or 0.
8%, from the previous session, trading in a range of $
77.
18-$78.
03.
SC main force 1812 rose 4.
4 to 515.
7 yuan / barrel; Overnight trading closed up 7.
2 at 522.
9 yuan per barrel
.
The domestic PVC market is weak and volatile, spot trading is not good, and the factory price of enterprises in various places has not changed
significantly.
Type 5 PVC reference price: the current mainstream acceptance factory in Shandong is 7020-7070 yuan / ton; The acceptance price of PVC enterprises in Inner Mongolia to the north is 6850-6950 yuan / ton; Henan enterprises mainstream acceptance factory 7100-7150 yuan / ton; The mainstream acceptance factory in Shanxi is 6900-6950 yuan / ton; The mainstream factory in Hebei is 7000-7150 yuan / ton acceptance
.
The mainstream of ethylene PVC in East China was delivered to about 7450 yuan / ton, and the transaction was negotiated
.
PVC market prices continued to be flat, morning trading tepid, prices remained stable, afternoon futures fell sharply, spot trading atmosphere fell sharply, East China point price source quotation details fell, traditional traders quotation temporarily changed little, but no transaction
.
The spot market is not well traded, some prices loosened slightly, the afternoon futures plunge hit the confidence of market participants, the current market short-term stop to stabilize the expectation of greater impact, Zhejiang plastic market expects that PVC prices will remain low
.
