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The PVC1609 contract opened at 5235, with a high of 5355, a low of 5210, and closed at 5220, up 20 from the previous session, or 0.
38%.
Volume increased to 55,432 lots, and open interest decreased by 4,812 lots to 47,702
.
The mainstream of the PVC market maintains stability
.
The mentality of traders is stable for the time being, and most of them are on the
sidelines.
The enthusiasm of downstream factories for procurement is limited, and the transaction remains light
.
Upstream market: Crude oil futures rose on Tuesday, with WTI light sweet crude futures for June delivery on the New York Mercantile Exchange (NYMEX) up $1.
40, or 3.
3%, at $44.
04 a barrel
.
Intercontinental Exchange (ICE) June Brent crude futures settled up $1.
26, or 2.
8%, at $45.
74 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1189.
5-1191.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1144.
5-1146.
5/mt
.
The spot market traded flat, and prices were stable and small
.
The PVC market in Hangzhou traded flatly, the quotation was stable, the high-end shipments were not smooth, and the narrow range fell
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5350-5450 yuan / ton, slightly higher quotation is also available
.
The PVC atmosphere in the Linyi market is acceptable, the transaction is stable, the supply is not much, and a few prices have increased
slightly.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5020-5040 yuan / ton, and the price of the whole vehicle is slightly lower
.
Changzhou PVC market trading is flat, price is stable
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5330-5450 yuan / ton, slightly higher quotation
.
Traders are more cautious, terminal demand does not change much, some small orders receive goods, and the real transaction is general
.
It is expected that the short-term PVC market will maintain a consolidation pattern
.
