PVC quotations do not change much, and the wait-and-see mentality is the mainstay

Upstream market: Crude futures closed at a two-month low on Monday, with NYMEX LTI U.
S.
crude futures for August delivery down 65 cents, or 1.
4 percent
, down $44.
76 a barrel.
Intercontinental Exchange (ICE) September global benchmark Brent crude futures settled down 51 cents, or 1.
1%,
at $46.
25 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1134.
5-1136.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1094.
5-1096.
5/mt
.

The spot market traded flat, and prices were stable and small
.
Hangzhou PVC market quotation is relatively firm, although affected by the rise in futures, some merchants want to follow up, but the demand is not good, shipments are difficult to follow, traders operate more cautiously, quotation adjustment is not obvious
for the time being.
The PVC market atmosphere in Hebei is acceptable, the quotations of surrounding enterprises are stable, merchants follow the market to ship, the mainstream price is stable, and a few real orders make profits
.
Ordinary type 5 calcium carbide is sent without tax 5000-5080 yuan / ton, including tax 5330-5420 yuan / ton is delivered
.
The PVC market in Guangzhou has a calm atmosphere, downstream demand is general, transactions are tepid, and mainstream prices are stable
.

As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic fell by 50 yuan / ton, of which S-101/Shanghai Chlorine Hufeng was as low as 13,000 yuan / ton (down 50), and S-04/Shanghai Zhongyuan was as low as 11,800 yuan / ton (down 50).

Merchants do not operate much, cautious wait-and-see, downstream parties continue to purchase
on demand.
It is expected that the short-term PVC market will still be dominated by sideways
.