February 24 PVC morning review

Asian ethylene market prices were stable, CFR Northeast Asia closed at 1389.
5-1391.
5 US dollars / ton, CFR Southeast Asia closed at 1149.
5-1151.
5 US dollars / ton.

At present, calcium carbide factories are mainly actively shipped, and the price is
both high and low.
Factory price of calcium carbide in various places: 2420-2500 yuan / ton in Wuhai and Ordos areas of Inner Mongolia; Ningxia Shizuishan area 2450-2550 yuan / ton; Zhongwei area 2550-2600 yuan / ton; Shaanxi area 2450-2550 yuan / ton; Gansu area 2600-2700 yuan / ton
.

International oil prices stopped rising and falling, linear futures prices opened and fell low, the factory prices of some petrochemical enterprises continued to fall, the market trading was sluggish, the mood was more pessimistic, most of the merchants followed the decline, and the low price offer increased
.
The downstream is weak, cautious wait-and-see
.

Recently, petrochemical inventories are on the high side, and it will take time
for the market to digest.
The price of the futures market exceeded the price of many indicators, and the spot market continued to resist pressure
.
Coupled with the fact that the previous demand increase was less than expected, inventories continued to grow, and it is expected that PE market prices will continue to decline
slightly.
Today's PVC market trend on the plastic exchange is sluggish, intraday prices fell more or less, downstream terminal procurement enthusiasm is not good, the wait-and-see mood in various districts is strong, and few transactions
are made.
Fundamentally: today's domestic PVC market still continues to be sluggish, futures PVC continues to fall, market participants have a poor mentality, spot shipments are still not improving, market quotations continue to decline, and individual traders have sold goods at low prices
.
The prices of upstream manufacturers have gradually loosened, and it is expected that there is still room for exploration in the market tomorrow
.