Weak demand side PVC market narrow consolidation

Upstream market: Crude oil futures closed higher for the second straight session, with the New York Mercantile Exchange (NYMEX) July benchmark crude futures settlement price up $1.
39 or 2.
9% at $49.
37 a barrel
.
Intercontinental Exchange (ICE) August benchmark Brent crude futures rose $1.
48, or 3 percent, to $50.
65 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1049.
5-1051.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1039.
5-1041.
5/mt
.

Spot market: Shanghai PVC market trading is flat, quotations are rising
.
Type 5 mainstream self-pickup quotation is 5200-5280 yuan / ton
.
Tianchen and Tianneng goods have low prices and high prices, 5 type implementation self-pickup 5320 yuan / ton, Tianchen 8 type, Tianye 3 type self-pickup 5440 yuan / ton, the actual order can be discussed
.
The PVC market in Guangzhou is fair, the transaction is average, and some quotations have been slightly raised
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5200-5240 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.
Hangzhou PVC market quotation rose, 5 type ordinary calcium carbide mainstream self-pickup quotation 5210-5280 yuan / ton, slightly higher quotation is also available
.

The atmosphere of inquiry in the market is general, and the transaction and shipment situation is relatively slow
.
The purchase intention of downstream factories and users is not high, and the total market transaction volume is limited
.
It is expected that the short-term PVC market will maintain a weak finishing pattern
.