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The PVC market is weak and consolidated
.
Merchants continue to make profits and shipments, but terminal demand is dismal, the market is slow, and the transaction is weak
.
Upstream market: International crude futures fell slightly, with WTI light sweet crude futures for June delivery on the New York Mercantile Exchange (NYMEX) settling 49 cents, or 1%, at $46.
21 a barrel
.
July Brent crude futures on London's Intercontinental Exchange (ICE) settled down 25 cents, or 0.
5 percent, at $47.
83 a barrel
.
Asian ethylene market prices fell, CFR Northeast Asia prices fell $10 to close at $1179.
5-1181.
5 / ton; CFR Southeast Asia prices fell $5 to settle at $1139.
5-1141.
5/mt
.
Spot market: The PVC market in Hebei has a calm atmosphere, average transactions, and stable mainstream prices
.
The mainstream of ordinary type 5 calcium carbide is delivered without tax 4800-4900 yuan / ton, including tax 5120-5230 yuan / ton, and higher quotations are also available
.
The PVC market in Hangzhou is generally traded, price competition is fierce, and traders continue to reduce prices and ship
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5200-5250 yuan / ton, slightly higher quotation is also available
.
The PVC market in Guangzhou continued to be calm, the transaction was general, merchants accompanied the market to ship, and the mainstream price was stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5200-5240 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.
As of 15 o'clock, the quotation of some grades of spot PVC of China Plastics rose by 50 yuan / ton, of which EB109/Shanghai Chlorine was as low as 12,050 yuan / ton (up 50), R-05B/Shanghai chlor-alkali was as low as 12,750 yuan / ton (up 50), and RB-05C/Shanghai Zhongyuan was at 11,850 yuan / ton (up 50).
Due to the lack of substantive news guidance, most traders are more confused, generally ship-based, weak intention to replenish positions, but the downstream wait-and-see mentality is obvious, the willingness of factories to absorb goods is not high, and the actual market demand is limited
.
It is expected that the short-term PVC market will still be dominated by weak
finishing.
