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The PVC market was weak and volatile, and some quotations fell
.
The overall mentality is cautious, downstream demand still has not changed significantly, the willingness to stock is low, and the real transaction is average
.
Upstream market: Oil prices fell, with U.
S.
crude futures for July delivery on the New York Mercantile Exchange down 0.
2% to $49.
01 a barrel
.
Brent crude futures, the global benchmark on the European ICE futures exchange, fell 0.
2 percent to $49.
72 a barrel
.
Asian ethylene market prices partially fell, CFR Northeast Asia prices fell $10 to close at $1079.
5-1081.
5 / ton; CFR Southeast Asia prices held steady at $1064.
5-1066.
5/mt
.
Spot market: The PVC market in Hebei has a calm atmosphere, the transaction is general, and some transaction prices are down
.
Ordinary type 5 calcium carbide is delivered without tax 4780-4840 yuan / ton, including tax 5100-5170 yuan / ton, and the transaction at a higher price is limited
.
Hangzhou PVC market shipments are not good, traders narrow profits to facilitate transactions, quotations are down
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5250-5300 yuan / ton, slightly higher quotation is also available
.
The PVC market in Guangzhou continued to be stable, the demand was general, the transaction was tepid, and the mainstream price remained stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5230-5270 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.
Due to the stubborn disease of weak terminal demand area, traders are confused and follow
the market.
It is expected that the short-term PVC market will be dominated
by weak consolidation.