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The PVC market is running at a high level and wait-and-see remains unchanged

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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The PVC market is running
high.
Traders are mostly reluctant to go low, downstream demand is flat, on-demand is the mainstay, wait and see unchanged
.

PVC

Upstream market: International crude oil futures closed down from falling to higher, with New York Mercantile Exchange (NYMEX) August WTI light sweet crude futures settlement price up 83 cents, or 1.
8%,
at $47.
43 a barrel.
September Brent crude futures on London's Intercontinental Exchange (ICE) settled up 84 cents, or 1.
8 percent, at $48.
80 a barrel
.
Eid al-Fitr in Singapore, ethylene closed in Asia
.

The spot market traded flat, and prices were stable and small
.
There are not many supplies of PVC in the Linyi market, the atmosphere is acceptable, and the mainstream price is stable
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5100-5150 yuan / ton, and the price of the whole vehicle is slightly lower
.
The PVC market in Guangzhou has a calm atmosphere, futures are tepid, spot trading is average, and mainstream price fluctuations are limited
.
The high price of Hangzhou PVC market has fallen, and the low-end supply is still not much
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5600-5720 yuan / ton, slightly higher quotation is also available
.

Traders are in good mood and some quotes continue to rise
.
However, the downstream factories did not improve in receiving goods, and continued to purchase on demand to maintain normal production
.
It is expected that the short-term PVC market will maintain a high consolidation pattern
.

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