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PVC market quotations are stable and declining
.
Some merchants appropriately let profits take goods, downstream terminals watch the market, take as they go, and the overall transaction is limited
.
Upstream market: International oil prices jumped on Friday, with crude futures for May delivery on the New York Mercantile Exchange (NYMEX) rising $2.
46, or 6.
6 percent, to settle at $
39.
72 a barrel.
Intercontinental Exchange (ICE) Brent crude rose $2.
51, or 6.
37 percent, to settle at $
41.
94 a barrel.
Asian ethylene market prices rose, CFR Northeast Asia rose $5 to close at $1199.
5-1201.
5/ton; CFR Southeast Asia rose $5 to settle at $1159.
5-1161.
5/mt
.
The spot market traded flat, and prices were stable and small
.
The trading atmosphere of the Shanghai PVC market is still not good, the mainstream quotations remain stable, and some quotations still fall
.
The mainstream self-pickup quotation of type 5 is 5350-5500 yuan / ton, and it is difficult to deal
with higher quotations.
Hangzhou PVC market trading is flat, most suppliers hold steady offers, the transaction is not good, some quotations are still negative
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5340-5480 yuan / ton, slightly higher quotation is also available
.
The mainstream quotation of PVC market in Guangzhou has not changed much, the demand is flat, the shipment is general, and the transaction price is profitable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5400-5460 yuan / ton for self-pickup, and the price of Zhongtai/Tianye is slightly higher
.
At present, traders are not shipping well, making small concessions to facilitate transactions, factory inquiries are generally enthusiastic, and actual transactions are slightly loosened
.
It is expected that the short-term PVC market will be dominated
by narrow finishing.