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The PVC market is calm and stable, and merchants are multi-dimensional and stable and wait-and-see
.
Downstream enterprises are still slow to receive goods, inquiries are still not active, wait and see or digest inventory
.
Upstream markets: Crude oil futures fell, with NYMEX July WTI light sweet crude futures closing down $1.
49, or 2.
9%, at $49.
07 a barrel, and Intercontinental Exchange (ICE) August Brent crude futures closing down $1.
41, or 2.
7%,
at $50.
54 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1044.
5-1046.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1044.
5-1046.
5/mt
.
Spot market: The PVC market in Guangzhou was flat, traders continued to make profits and shipments, some quotations had a negative decline, and the overall performance was relatively weak
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5190-5240 yuan / ton self-pickup, and the price of Tianye is slightly higher
.
The PVC market quotation in Qilu Chemical City was still slightly lowered, and the trading situation was better than before the holiday, but it was still flat
.
The PVC market in Hangzhou maintained stability, and the trading atmosphere was not good
.
Ordinary type 5 calcium carbide mainstream report 5220-5300 yuan / ton, Dongxing 5220-5240 yuan / ton, Tianhu 5240-5270 yuan / ton, Yihua 5220 yuan / ton, Zhongtai 5300 yuan / ton, North yuan 5300 yuan / ton, high model in 5400-5500 yuan / ton, part of the actual transaction can be negotiated
.
As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic fell by 300-400 yuan / ton, of which S-03/Shanghai Sanyi was as low as 9,000 yuan / ton (down 300), and S-101-2/Shanghai Sanyi was at 9,500 yuan / ton (down 400).
The market popularity is still flat, merchant quotations are mostly on the market, downstream user demand still adopts the purchase method as you go, and the overall demand is not high
.
It is expected that the short-term PVC market is mainly
dominated by narrow finishing.