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The PVC market has not changed much, and the overall atmosphere is weak
.
Merchants make more concession transactions, some real negotiations are the mainstay, downstream product enterprises have fewer orders, and replenishment is still more cautious
.
Upstream markets: Oil prices rose, with light sweet crude futures for June delivery on the New York Mercantile Exchange up 59 cents, or 1.
2 percent, at $48.
31 a barrel, and Brent crude futures on the European ICE futures exchange up 31 cents, or 0.
6 percent, at $49.
28 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1179.
5-1181.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1139.
5-1141.
5/mt
.
Spot market: The PVC market in Hebei has a calm atmosphere, the transaction is average, and the mainstream price fluctuation is not large
.
The mainstream of ordinary type 5 calcium carbide is delivered without tax 4800-4880 yuan / ton, including tax 5120-5200 yuan / ton, and higher quotations are also available
.
The PVC market in Guangzhou was supported by the rise in futures, the atmosphere was slightly improved, and a few source quotations rose slightly, but the mainstream price range was stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5200-5250 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.
The PVC atmosphere in the Linyi market is calm, the transaction is average, and the price fluctuation is limited
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 4920-4950 yuan / ton, and the price of the whole vehicle is slightly lower
.
As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic fell by 50 yuan / ton, of which R-01H/Shanghai chlor-alkali was as low as 9,800 yuan / ton (down 50), and S101/Shanghai Juhua was as low as 12,000 yuan / ton (down 50).
The merchant mentality is more wait-and-see, mainly let profit shipments, downstream demand follow-up is slow, and there is no improvement in trading
.
It is expected that the weakness of the PVC market in the short term will continue
.