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The PVC market is still weak
overall.
Merchant quotations are mostly accompanied by the market, there are not many operations, the downstream is still based on on-demand procurement, the market volume is not large, and the trading atmosphere is light
.
Upstream markets: Oil prices closed higher, with New York Mercantile Exchange (NYMEX) July WTI light sweet crude futures settling up $1.
07, or 2.
2%, at $49.
69 a barrel, and London's Intercontinental Exchange (ICE) August benchmark Brent crude futures settlement up 91 cents, or 1.
8%,
at $50.
55 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1054.
5-1056.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1044.
5-1046.
5/mt
.
The spot market traded flat, and prices were stable and small
.
Hangzhou PVC market trading is still general, the quotation has not changed much, and the transaction is still profitable
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5220-5280 yuan / ton, slightly higher quotation is also available
.
PVC shipments in Linyi market are not good, the trading volume is not large, and merchants follow the market operation
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 4860-4900 yuan / ton, and the price of the whole vehicle is slightly lower
.
The PVC market in Hebei has a calm atmosphere, the transaction is average, the mainstream quotation is stable, and a few transaction prices are down
.
Ordinary type 5 calcium carbide is delivered without tax 4770-4830 yuan / ton, including tax 5090-5160 yuan / ton delivery, higher price transaction is limited
.
The market price is stable and small, merchants mostly follow the shipment, the downstream demand has not changed much, and the transaction focuses on negotiation
.
It is expected that the short-term PVC market will still be dominated by weak
finishing.