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PVC market quotations were firm
.
Although the demand side has not improved much, the transaction is limited, affected by the cost support, the quotation of traders is firm, and the willingness to ship at low prices is not strong
.
Upstream market: Crude oil futures closed lower on Tuesday, with U.
S.
WTI crude futures for September delivery on the New York Mercantile Exchange (NYMEX) settling down $0.
55, or 1.
4%,
at $39.
51 a barrel.
The Intercontinental Exchange (ICE) October Brent crude futures contract settled down $0.
34, or 0.
8%,
at $41.
80 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1094.
5-1096.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1034.
5-1036.
5/mt
.
The spot market traded flat, and prices were stable and small
.
Shanghai PVC market quotations are firm and high, and trading is flat
.
Type 5 mainstream self-pickup quotation is 5630-5730 yuan / ton, and the source price of some non-delivery brands is slightly lower, into conversation
.
The low price of Hangzhou PVC market has decreased, and individual quotations are still tentatively rising, and the overall quotation is relatively firm
.
Type 5 ordinary calcium carbide mainstream self-reported 5600-5700 yuan / ton, slightly higher quotation is also available
.
The PVC market atmosphere in Hebei is acceptable, the demand is general, and the low price is reduced
.
Ordinary type 5 calcium carbide is sent without tax 5120-5200 yuan / ton, including tax 5490-5570 yuan / ton is delivered
.
In summary, downstream demand is flat, factory starts remain at a low and medium level, and terminal inquiries are general
.
Merchants are mainly active in shipments, the transaction is slightly unsmooth, and the actual volume is limited
.
It is expected that the short-term PVC market will be dominated
by sideways.