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PVC spot market price adjustment in a narrow range

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Last night's night 05 contract night PVC futures opened at 8399, the highest 8424, the lowest price 8345, the latest 8347, up 82, the transaction was 330,200, the position was 380,400; yesterday, the PVC spot market price was adjusted in a narrow range
.
Futures lows rebounded, market trading slowed down, and downstream wait-and-see dominated
.
Public health events have led to higher freight rates and restricted
transportation.
Short-term spot remains weak
.
PVC spot quotations are expected to adjust
in a narrow range today.

PVC

In crude oil, international oil prices rebounded
strongly, as concerns about the Omicron variant suppressing demand eased, and supply-side expectations remained tight.
NYMEX crude oil futures 02 contract 81.
22 up $2.
99/barrel or 3.
82%; ICE oil futures 03 contract 83.
72 rose $2.
85 a barrel or 3.
52%.

China's INE crude oil futures main contract 2203 fell 4.
0 to 506 yuan / barrel, up 13.
1 yuan / barrel
in overnight trading.

In terms of ethylene, the average price of ethylene CFR in Northeast Asia on January 11 was stable at 975 US dollars / ton; The average price of CFR Southeast Asia is 965 US dollars / ton, stable
.

In terms of calcium carbide, yesterday's domestic calcium carbide market moved steadily, and the low-price supply in the Dawuhai area increased, and the trade ex-factory price was 4400-4450 yuan / ton
.
Downstream affected by transportation, regional uneven arrivals, Hebei and Henan regions are actively purchasing, and arrivals are tight; Some enterprises in Shaanxi and Shandong are waiting to be unloaded
.
At present, some enterprises in Wuhai have inventory, and it is expected that the mainstream ex-factory price of calcium carbide will be lowered today
.

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