PVC quotes rose sharply Trader mentality is acceptable

Upstream market: U.
S.
WTI crude October futures closed down $1.
65, or 3.
56%, at $44.
70 a barrel on Wednesday (Aug.
31), and Brent crude October futures closed down $1.
33, or 2.
75%, at $47.
04 a barrel
on Wednesday.
The price of ethylene in Asia was stable, and the CFR Northeast Asia price held steady at 1194.
5-1196.
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
.

The Shanghai PVC market traded flat, and traders held steady
.
Type 5 mainstream self-pickup quotation is 5880-5950 yuan / ton, and it is difficult to deal
with high quotation.

There are not many supplies in the PVC market in Guangzhou, the downstream demand is general, the trading is tepid, and the mainstream price remains stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5900-5950 yuan / ton self-pickup
.

There are not many sources of PVC in the Linyi market, the downstream demand is general, the trading is tepid, and the price fluctuation is not large
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5620-5650 yuan / ton, and the price of the whole vehicle is slightly lower
.

Latest Corporate Quotes:

Henan Shenma new plant has a total capacity of 300,000 tons and starts 3-40%, the price is stable, and there is no inventory
.
Type 5 to the outside of the province cash exchange factory 5900 yuan / ton, temporarily do not produce type 3, the province quotation is 50 yuan / ton, into a conversation
.

Shandong Xinfa PVC started about
60%.
There are not many supplies, the quotation is stable, and the 5-type material leaves the factory at 5950 yuan / ton in foreign exchange
.

Hebei Tangshan Sanyou PVC plant started about 90%, the supply is not much, the factory of 5 type materials reported 6100 yuan / ton acceptance, 3/8 type reported 100 yuan / ton, part of the transaction can be negotiated
.

The long-term weakness of the terminal demand side continues to restrict the PVC market, and traders are mostly
wait-and-see.
It is expected that the PVC market may show a slight consolidation trend in the near future
.