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On Wednesday, the PVC market continued to fall
.
The volume of goods received by downstream factories is still limited, and the wait-and-see mentality has not improved
significantly.
Most traders give profit to the operation, and the trading volume is not much
.
Upstream market: International oil prices rose, with WTI light sweet crude futures for June delivery on the New York Mercantile Exchange (NYMEX) up $1.
22, or 2.
8%, at $44.
66 a barrel
.
July Brent crude futures on London's Intercontinental Exchange (ICE) settled up $1.
89, or 4.
3%, at $45.
52 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1189.
5-1191.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1144.
5-1146.
5/mt
.
Raw material price: Changzhou PVC market quotation is stable, trading is flat
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5220-5280 yuan / ton, slightly higher quotation is still there
.
The PVC market in Guangzhou continued to be calm, the transaction was average, the merchants were in a wait-and-see mood, and the mainstream price was stable
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5180-5230 yuan / ton for self-pickup, and the price of Tianye is slightly higher
.
The PVC market in Hangzhou is generally shipped, and the quotation has not changed much, and it is wait-and-see
.
Type 5 ordinary calcium carbide mainstream self-quotation 5220-5300 yuan / ton, slightly higher quotation is also available, difficult to trade
.
Spot price: Yibin Tianyuan PVC shipment is general, the quotation is reduced by 50 yuan / ton, and the 5 type material is sent to 5400 yuan / ton in Sichuan, and the actual transaction can be negotiated
.
Fangda Jinhua PVC shipments are general, and the price is stable
.
Type 5 factory report 5250 yuan / ton acceptance, type 3 factory report 5350 yuan / ton acceptance
.
Tianjin Lejin Bohai PVC transaction is general, the quotation is stable, the factory report around each model is 5850 yuan / ton acceptance, and a small amount of cash exchange
is received.
Most merchants continue to make profits and shipments, seeking transactions, downstream demand follow-up is insufficient, cautious wait-and-see, real transactions are difficult to increase
.
It is expected that the short-term PVC market will still be dominated by weak
finishing.
