The PVC market atmosphere is flat, and the transaction is slightly profitable

Upstream market: Oil prices fell to a three-month low and unexpected increases in U.
S.
inventories put downward pressure
on the market.
U.
S.
crude futures for September delivery settled down 78 cents, or 1.
9 percent
, at $41.
14 a barrel on the New York Mercantile Exchange.
Brent crude futures settled down 77 cents, or 1.
8 percent, at $42.
70
.
Asian ethylene market prices held steady, CFR Northeast Asia prices held steady to close at 1094.
5-1096.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1034.
5-1036.
5/mt
.

The PVC market is calm, the atmosphere is acceptable, merchants are in a wait-and-see mood, and mainstream price fluctuations are limited
.

The PVC market in Changzhou is abundant and runs at a stable price near the weekend
.

Shanghai PVC market quotation is stable, trading is flat, narrow margin of profit shipment
.
The mainstream self-pickup quotation of type 5 is 5500-5650 yuan / ton, and the source price of some non-delivery brands is slightly lower.

Qilu Chemical City PVC market supply is not much, shipments are general, 700 supply is not much, the price is slightly increased, other models price is stable
.
The terminal inquiry has not changed much, the enthusiasm for margin call is not high, and some real orders can be negotiated
.

The PVC market continues to be calm, downstream more on-demand procurement, poor demand follow-up, strong market wait-and-see atmosphere, slight concession of real orders, and difficult to increase the actual demand of the terminal
.
It is expected that the short-term PVC market will be dominated
by weak consolidation.