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The PVC market is moving
steadily.
Traders mostly follow the sidelines, downstream factories have limited enthusiasm for procurement, and transactions remain light
.
Upstream market: Oil prices closed slightly lower, with the September 2016 futures settlement price of West Texas Light Oil on the New York Mercantile Exchange falling $0.
21/b to $42.
92/barrel; Brent crude oil futures settled at $0.
15/b per barrel for September 2016 on the Intercontinental Exchange in London at $44.
87/b
.
Asian ethylene market prices fell, CFR Northeast Asia prices fell $25 to close at $1094.
5-1096.
5 / ton; CFR Southeast Asia fell $25 to settle at $1034.
5-1036.
5/mt
.
The spot market traded flat, and prices were stable and small
.
The PVC market in Changzhou has not changed much, traders actively hold steady shipments, and trading is flat
.
Type 5 ordinary calcium carbide, the mainstream self-pickup is 5490-5580 yuan / ton, Zhongtai is slightly higher
.
The PVC market in Guangzhou has a calm atmosphere, downstream demand is light, merchants follow the market to ship, and price fluctuations are limited
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5580-5640 yuan / ton self-pickup
.
The price of PVC in the Linyi market is mainly stable, there are not many supplies, the transaction is general, and the merchants offer more stable prices
.
The quotation of ordinary type 5 calcium carbide excluding tax is delivered at 5220-5250 yuan / ton, and the price of the whole vehicle is slightly lower
.
On the whole, the PVC market has basically maintained stable operation, some traders in order to seek shipments, the actual transaction margin has increased, downstream factories are still based on use and purchase, real negotiation
.
It is expected that the short-term PVC market will still be dominated by narrow
finishing.