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PVC market narrow finishing
.
Merchant operations are mostly accompanied by the market, fast forward and fast out, terminal demand continues to be sluggish, shipments are still difficult, and the transaction is generally weak
.
Upstream market: International crude oil futures market prices fell, with NYMEX July WTI light sweet crude futures settling down 39 cents, or 0.
8%, at $48.
49 a barrel, and the Intercontinental Exchange (ICE) August Brent crude futures settlement price falling 52 cents, or 1%,
to $49.
83 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1039.
5-1041.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1044.
5-1046.
5/mt
.
Spot market: The PVC market in Hebei is flat, the quotation is mainly weak, and traders adjust the price shipment according to their own shipments
.
Ordinary type 5 calcium carbide is delivered without tax 4740-4810 yuan / ton, including tax 5050-5120 yuan / ton is delivered, higher prices are also available, but the transaction is limited
.
The trading of the PVC market in Shanghai was flat, traders made profits and shipments, and the quotation was weak and stable
.
Type 5 mainstream self-pickup quotation is 5180-5250 yuan / ton
.
Changzhou PVC market quotation does not change, low prices are frequent, quotations are slightly chaotic
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5140-5180 yuan / ton, slightly lower, slightly higher quotations, I heard that the transaction price of individual sources of large orders is about
5120 yuan / ton.
As of 15 o'clock, the quotation of some grades of spot PVC of China Plastic rose by 50 yuan / ton, of which EB109/Shanghai Chlorine Hufeng was as low as 12050 yuan / ton (up 50), RB-05C/Shanghai Zhongyuan was as low as 11850 yuan / ton (up 50), and S02/Shanghai chlor-alkali was as low as 11850 yuan / ton (up 50).
Lack of clear news guidance, strong wait-and-see atmosphere, merchants actively ship to seek transactions, downstream factories are not willing to purchase in real terms, and the overall transaction volume is not large
.
It is expected that the short-term PVC market will still be dominated by weak
finishing.
