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From the perspective of the previous trading day, the futures market price continued to fall sharply, the PVC spot market appeared panic, trading was light, and the wait-and-see atmosphere was strong
.
Traders in the PVC market let profits sell, and the actual transaction price fell sharply
.
Crude oil: WTI September crude futures closed down $1.
23, or 2.
52%, at $47.
59 a barrel
.
Brent crude for October delivery closed down $1.
37, or 2.
63 percent, at $50.
73 a barrel
.
In the spot market, the domestic PVC market price has fallen, under the influence of the sharp decline in futures, the market trading is mostly maintained on the sidelines, of which the market transaction price in East China fell by about 100 yuan / ton, and South China due to the lack of social inventory, the market fell slightly by about
50 yuan / ton.
SG-5 pre-tax mainstream transaction in North China was 6800-6850 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in East China market is 7250-7400 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in the South China market is 7450-7550 yuan / ton
.
It is expected that the domestic PVC market will maintain a wide range of fluctuations in the next trading day
.
