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The PVC market is mainly
stable.
Due to the limited volume of terminal demand, most buyers are mostly wait-and-see, so the market transaction resistance is relatively large, and the trading atmosphere is relatively calm
.
Upstream market: Oil prices closed slightly higher, with U.
S.
WTI crude for September futures closing up $0.
30, or 0.
62%, at $48.
52 a barrel
.
Brent crude October futures closed down $0.
01, or 0.
02 percent, at $50.
88 a barrel
on Friday.
Asian ethylene market prices rose, CFR Northeast Asia rose $10 to close at $1159.
5-1161.
5 / ton; CFR Southeast Asia rose $10 to settle at $1069.
5-1071.
5/mt
.
The spot market traded flat, and prices were stable and small
.
There are not many sources of PVC in the Linyi market, and merchants will ship with the market, with cost support and firm prices
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5670-5700 yuan / ton, and the price of the whole vehicle is slightly lower
.
PVC market traders in Hebei region shipped at a high price, the overall supply was not much, the downstream demand was general, and the price was firm
.
Ordinary type 5 calcium carbide material is delivered without tax 5440-5500 yuan / ton, including tax 5830-5900 yuan / ton
.
The trading atmosphere of the PVC market in Hangzhou is slightly flat, and the downstream is resistant to high prices, and small orders are received to maintain production
.
Traders stabilize prices and ship in a narrow range
.
The cost support is obvious, and the merchant mentality is good, but the enthusiasm of downstream receiving goods is not high, and there are many cautious wait-and-see, and the real transaction is general
.
It is expected that the short-term PVC market will maintain a strong pattern
.