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Trade Service
The PVC market is generally weak
.
The market activity is insufficient, and the trading atmosphere is light
.
Merchants operate cautiously, and downstream users continue to enter on demand, with limited
support for market conditions.
In terms of price, the ex-factory price was steadily lowered by 50 and 100 yuan / ton, the market price remained stable overall, and a few grades fell by 50-100 yuan / ton
.
Powell's dovish comments sent U.
S.
stocks soaring and improved risk sentiment boosted bulls' morale, although the overall bearish U.
S.
inventory report somewhat limited the upside for oil prices, but recorded gains for the first time in a month, and the all-day closing gains of the week injected confidence
into the crude oil market.
U.
S.
WTI crude oil February futures closed up 0.
87 yuan, or 1.
85%, at $47.
96 a barrel on Friday (Jan.
4), up 6.
18%
for the week.
Brent crude for March futures closed up $1.
11, or 1.
98 percent, at $57.
06 a barrel on Friday, up 7.
59 percent
for the week.
Merchants are not confident enough, some still have a small concession to facilitate the transaction, the downstream inquiry has not changed much, the real transaction price is slightly lower, and the volume is limited
.
Zhejiang Plastic Market expects that in the short term, the PVC market will be mainly weak.
