PVC market quotations are firm, traders are cautious

Oil prices rose on Tuesday, with New York Mercantile Exchange light sweet crude futures closing up 65 cents, or 1.
9 percent, at $34.
40 a barrel, the highest close since Jan.
5
.
Intercontinental Exchange (ICE) Brent crude futures rose 24 cents, or 0.
7 percent, to $36.
81 a barrel, the highest level
since Jan.
4.

On Tuesday (March 1), the Asian ethylene market price was raised, and the CFR Northeast Asia price rose by $5 to close at $1014.
5-1016.
5 / ton; CFR Southeast Asia rose $5 to settle at $1014.
5-1016.
5/mt
.

In the spot market, the PVC market atmosphere is acceptable, and the transaction is average
.
Hangzhou PVC market atmosphere is flat, traders stabilize the price of shipments, let the profit transaction
.
The mainstream self-quotation of type 5 ordinary calcium carbide is 5120-5230 yuan / ton, and it is difficult to deal
with high prices.
Zhengzhou PVC market trading is flat, downstream orders are not active, traders are blocked from shipments, and temporarily stand on the
sidelines.
The PVC market in Guangzhou is calm, the demand is not good, the transaction is tepid, and the mainstream price is stable
.

The PVC market remains running
smoothly.
Cost support, merchants are more price wait-and-see, downstream factories' willingness to take goods has not seen significant improvement, and the transaction situation is general
.
It is expected that the short-term PVC market will be dominated
by high consolidation.