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PVC futures began to dive last Tuesday, so that the positive that has been hard has come to naught, the quotations of production enterprises have stopped rising, the shipments of traders in the market have been blocked, quotations have fallen, merchants' mentality has turned to a downturn, and the terminal has continued to wait and see
.
The main contract of PVC futures 1705 closed down 60 yuan to 6405 yuan, down 0.
93% on a daily basis, with a volume of 204726 lots, and a position increase of 1164 lots to 119356 lots
.
International oil prices fell for three consecutive years, and WTI fell below the $50 mark to $49.
28 per barrel
.
Brent fell 1.
73 percent to $52.
19 a barrel
.
Futures extended their decline, and the overall performance of the spot market was sluggish
.
The company's factory quotation is temporarily stable, but the shipment is not good, and with the increase of the company's inventory pressure, the possibility of profit shipment is greater; Traders have frequently seen price declines and shipments; The terminal bearish mentality is still strong, and the intention to take goods is low
.
It is expected that the PVC market will maintain a weak market operation in the next trading day, and some prices may have room
for further reduction.
