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The PVC market continued its weak consolidation pattern
.
The domestic PVC market gradually stabilized, boosted by the rebound of the domestic futures market, the trading atmosphere of the domestic PVC spot market picked up slightly, the quotations of various traders stabilized, and shipments were acceptable
.
Downstream demand is still flat, the trading atmosphere is not good, traders let out shipments, and some quotations fell
slightly.
The spot market traded flat, and prices were stable and small
.
Hangzhou PVC market quotation stabilized, trading atmosphere is general
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5320-5450 yuan / ton, high price is also available, transaction price is slightly lower
.
The PVC market in Guangzhou stabilized today, and trading was still average
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5360-5420 yuan / ton for self-pickup, and the price of Zhongtai / Tianye is slightly higher
.
The PVC market quotation in Hebei continued to fall in a narrow range, and the mainstream of ordinary type 5 calcium carbide was delivered without tax 4910-5010 yuan / ton, including tax 5220-5340 yuan / ton, and higher quotations were also available
.
Upstream market: International crude oil futures rose, with NYMEX May WTI light sweet crude futures settling up $1.
81, or 4.
5%, at $42.
17 per barrel; June Brent crude futures on London's Intercontinental Exchange (ICE) settled up $1.
86, or 4.
3%, at $44.
69 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1199.
5-1201.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1159.
5-1161.
5/mt
.
Downstream manufacturers are cautious in purchasing, the demand side has not improved, most traders are mainly shipped with them, and the transaction is flat
.
It is expected that the short-term PVC market will still be dominated by weak
finishing.
