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On Thursday, the domestic PVC market was still in a stalemate, high-priced shipments continued to be blocked, the spot market traded lightly, and traders gradually grew on the sidelines
.
Although most merchants are still looking forward to an improvement, there is a lack of positive and the market is cautious
.
The shipment pressure of some upstream manufacturers has gradually increased, and the quotation has slightly retreated
.
In the upstream market, crude futures closed sharply higher on Wednesday, with light sweet crude futures for May delivery on the New York Mercantile Exchange up $1.
86, or 5.
2 percent, at $37.
75 a barrel
.
Brent crude futures, the global benchmark on the European ICE futures exchange, settled up $1.
97, or 5.
2 percent, at $39.
84 a barrel
.
Asian ethylene market prices partially fell, CFR Northeast Asia prices fell $5 to close at $1194.
5-1196.
5 / ton; CFR Southeast Asia prices held steady at $1154.
5-1156.
5/mt
.
The spot market traded flat, and prices were stable and small
.
Ningbo PVC port arrival is acceptable, traders actively ship, large quantity discounts, traders arrive in different quantities, resulting in the same source price difference is large
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5350-5480 yuan / ton
.
Junzheng FCL received an order of 5380 yuan / ton, and the transaction was negotiated
.
There are not many sources of PVC in the Linyi market, the transaction is tepid, the merchants follow the market operation, and the mainstream price is stable
.
Ordinary type 5 calcium carbide excluding tax quotation is delivered at 5140-5160 yuan / ton
.
The PVC market in Guangzhou is stable as a whole, the downstream demand is general, the trading is tepid, and the mainstream price is stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5440-5480 yuan / ton self-pickup, and the price of Zhongtai / Tianye is slightly higher
.
The trading atmosphere of the domestic PVC market is weak, and the shipment pressure of PVC upstream manufacturers has gradually increased, although the quotation is temporarily stable, but the actual transaction has been slightly loosened
.
Market traders did not ship well, and made small concessions to facilitate transactions
.
It is expected that the domestic PVC market will adjust in a narrow range in
the short term.
