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PVC market quotations generally stabilized, with slight adjustments
in parts.
The improvement in downstream demand is still not large, factories maintain on-demand procurement, and the transaction situation is still weak
.
Upstream market: U.
S.
crude futures rebounded from bear market territory, but Brent crude futures continued to fall, with light sweet crude futures for September delivery on the New York Mercantile Exchange up 46 cents, or 1.
1 percent, at $41.
60 a barrel
.
Brent crude futures on the European ICE futures exchange fell 24 cents, or 0.
6 percent, to $42.
46 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1094.
5-1096.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1034.
5-1036.
5/mt
.
The spot market traded flat, and prices were stable and small
.
Hangzhou PVC market quotations are firm, low prices are reduced, and some have risen
.
The mainstream of type 5 ordinary calcium carbide is reported at 5520-5650 yuan / ton, and the quotation is slightly higher and slightly lower
.
The PVC market in Guangzhou has a fair atmosphere, stable transactions, and some transaction prices have increased
slightly.
The mainstream transaction price of ordinary type 5 calcium carbide is 5630-5660 yuan / ton self-pickup
.
The PVC market in Qilu Chemical City is not much in supply, the price has increased slightly, and the 5-type material is basically stable
.
Due to the slight increase in the price of individual materials, the market inquiry atmosphere is acceptable, and some real orders can be discussed
.
The current market situation has not changed significantly, the downstream factory orders are insufficient, the terminal demand continues to be lacking, and the actual transaction situation is not good
.
It is expected that the short-term PVC market will still be dominated by narrow
finishing.