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The domestic PVC market fell slightly, the shipments of major domestic markets were not smooth, and traders continued to pull back prices slightly, coupled with the continued downturn in the futures market, aggravating the bearish atmosphere in the market; The quotation of upstream manufacturers is stable and dark, so that the profit
is shipped.
The spot market traded flat, and prices were stable and small
.
Changzhou PVC market trading is not good, traders are under great pressure to ship, quotations continue to fall
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5300-5400 yuan / ton, individual sources of transactions can still give profits, slightly higher quotations are also available
.
The PVC market quotation in Guangzhou was lowered, and the quotation was slightly chaotic
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5360-5420 yuan / ton for self-pickup, and the price of Zhongtai / Tianye is slightly higher
.
The PVC market in Qilu Chemical City continued to decline steadily, downstream users were not highly motivated to take goods, traders continued to make profits and shipments, and calcium carbide prices fell by 10 yuan / ton
.
Upstream market: International oil prices continued to rise on Tuesday, with New York Mercantile Exchange (NYMEX) May WTI crude oil futures settlement price rising 64 cents, or 1.
6%, to $40.
36 a barrel; June Brent crude futures on London's Intercontinental Exchange (ICE) settled up 89 cents, or 2.
1 percent, at $42.
83 a barrel
.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1199.
5-1201.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1159.
5-1161.
5/mt
.
There are no bright spots in downstream demand, traders maintain a cautious and wait-and-see mentality, follow the market operation, and the real transaction can be negotiated
.
It is expected that the short-term PVC market will still be dominated
by the consolidation pattern.