Downstream demand is flat, and the PVC market is stable and small

Upstream market: Crude futures fell to a one-month low on Monday, with U.
S.
crude futures for August delivery on the New York Mercantile Exchange closing down $1.
31, or 2.
7 percent, at $46.
33 a barrel
.
Brent crude futures on the European ICE futures exchange settled down $1.
25, or 2.
6 percent, to $47.
16 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1089.
5-1091.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1059.
5-1061.
5/mt
.

The spot market traded flat, and prices were stable and small
.
Shanghai PVC market is still rising, 5 mainstream self-pickup quotation at 5500-5550 yuan / ton, higher quotation is also available
.
Tianchen and Tianneng 5 self-pickup 5540 yuan / ton, Tianchen 8 type 5680 yuan / ton, Tianye 3 type 5650 yuan / ton
.
The downstream resistance to high prices is obvious, and trading is flat
.
Hangzhou PVC market rally, but trading is flat, the overall inventory is low, traders are waiting and seeing
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5500-5580 yuan / ton, slightly higher quotation is also available
.
There are not many sources of PVC prices in the Linyi market, merchants are reluctant to sell, the supply is not much, and the quotation is rising
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 4980-5020 yuan / ton, and the transaction can be negotiated
specifically.

Merchants mainly seek substantive transactions, downstream factory demand is flat, more on-demand procurement, and a wait-and-see
mentality.
It is expected that the short-term PVC market will be dominated
by narrow finishing.