The PVC market is weak and downstream demand has not improved

Upstream market: Oil prices fell, with light sweet crude futures for June delivery on the New York Mercantile Exchange down $1.
13, or 2.
5%, at $43.
65 a barrel
.
Intercontinental Exchange (ICE) Brent crude futures fell 86 cents, or 1.
9 percent
, to $44.
97 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 Shanghai PVC market traded flat, shipments were poor, and traders cut prices
to ship.
Type 5 mainstream self-pickup quotation is 5300-5400 yuan / ton
.
Tianchen and Tianneng goods are less and high, 5 type execution self-pickup 5520 yuan / ton, Tianye 3 type 5620 yuan / ton self-pickup, acceptance high 80 yuan / ton, the actual order can be discussed
.
The PVC market in Guangzhou is light, the demand is average, the transaction is tepid, the mainstream price is stable, and some transaction prices are slightly loosened
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5290-5320 yuan / ton for self-pickup, and the price of Zhongtai/Tianye is slightly higher
.
The PVC atmosphere in Linyi market is calm, the transaction is average, and the price remains stable
.
Ordinary type 5 calcium carbide excluding tax quotation is delivered at 5000-5020 yuan / ton, and the price of the whole vehicle is slightly lower
.

As of 15 o'clock, the quotation of individual grades of spot PVC of China Plastic rose by 50 yuan / ton, and the lowest price of R-07H/Shanghai Chlorine was 12050 yuan / ton
.

Traders are on the sidelines, downstream factories are cautious in taking goods, and purchasing according to orders in real markets, and the trading atmosphere is general
.
It is expected that the short-term PVC market will be dominated
by narrow finishing.