Downstream demand is sluggish PVC market is running weakly

Upstream market: International crude oil futures market prices fell, with New York Mercantile (NY) July WTI light sweet crude futures settlement price falling 48 cents, or 1%,
to $48.
01 a barrel.
Intercontinental Exchange (ICE) August Brent crude futures settled down 86 cents, or 1.
7 percent, at $48.
97 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1039.
5-1041.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1044.
5-1046.
5/mt
.

Spot market: Changzhou PVC market quotation unchanged, overall maintenance of low shipments
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5140-5180 yuan / ton, slightly lower and slightly higher quotations, and the transaction price of individual large orders is about
5120 yuan / ton.
The trading of the PVC market in Shanghai is flat, the high-price shipment is not good, the quotation is appropriately reduced, and the low-end quotation change is not obvious
.
Type 5 mainstream self-pickup quotation is 5160-5250 yuan / ton
.
Hangzhou PVC market quotation stabilized today, traders stabilized prices and actively offered, but the inquiry was general, narrow margin to let the shipment
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5150-5230 yuan / ton, slightly higher quotation is also available
.

As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic fell by 50 yuan / ton, of which EB109/Shanghai Chlorine Hufeng was as low as 12,000 yuan / ton (down 50), RB-05C/Shanghai Zhongyuan was as low as 11,800 yuan / ton (down 50), and S02/Shanghai chlor-alkali was as low as 11,800 yuan / ton (down 50).

Most merchants have little confidence in the future market, downstream demand is sluggish, buyers' enthusiasm for receiving goods is not high, purchasing intentions are weak, and the transaction atmosphere is still light
.
The PVC market is expected to remain weak in the short term
.