Downstream demand is not good, and the PVC market is stable and falling

Upstream market: International oil prices closed higher, with WTI light sweet crude futures for June delivery on the New York Mercantile Exchange (NYMEX) settlement up 47 cents, or 1%,
at $46.
70 a barrel.
July Brent crude futures on London's Intercontinental Exchange (ICE) settled up 48 cents, or 1 percent, at $48.
08 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
.

Spot market: The PVC market in Hangzhou is generally traded and the quotation is stable
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5220-5280 yuan / ton, slightly higher quotation is also available, difficult to trade
.
The PVC market in Hebei has a calm atmosphere, average transactions, and stable mainstream prices
.
The mainstream of ordinary type 5 calcium carbide is delivered without tax 4800-4900 yuan / ton, including tax 5120-5230 yuan / ton, and higher quotations are also available
.
The PVC market in Guangzhou continued to be calm, downstream demand was general, merchants were in a wait-and-see mood, trading was deadlocked, and mainstream prices remained stable
.
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
.

Merchants mostly hold steady and wait-and-see, trading is general, downstream orders are still not active, and it is difficult to boost the confidence of the industry
.
It is expected that the short-term PVC market will continue its downturn
.