The PVC market is partially adjusted, and the transaction follow-up is slow

Upstream market: Oil prices fell, with crude futures for July delivery on the New York Mercantile Exchange down 23 cents, or 0.
5 percent
, at $49.
10 a barrel.
Brent crude futures on the European ICE Futures Exchange fell 7 cents, or 0.
2 percent, to $49.
69 a barrel
.
Asian ethylene market prices partially fell, CFR Northeast Asia prices fell $10 to close at $1089.
5-1091.
5 / ton; CFR Southeast Asia prices held steady at $1064.
5-1066.
5/mt
.

The spot market traded flat, and prices were stable and small
.
The PVC market in Wuxi was trading flat, and traders actively stabilized prices
.
The mainstream self-pickup quotation of type 5 ordinary calcium carbide is 5250-5300 yuan / ton, and the transaction price is slightly lower
.
Hangzhou PVC market continues to hold steady and wait-and-see, although traders do not have much inventory, but downstream orders are not active, shipments are not good, and prices are difficult to adjust
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5280-5330 yuan / ton, slightly higher quotation is also available
.
The PVC market in Guangzhou is stable, the transaction is tepid, the merchant mentality is not good, and the mainstream price is stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5230-5270 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.

Due to the weak intention of downstream manufacturers to receive goods, the confidence of merchants in the future market is weak, there are not many operation actions, and the market wait-and-see atmosphere is strong
.
It is expected that the short-term PVC market will be dominated
by weak consolidation.