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On March 1, the main domestic PVC market ran
at a high level.
The pressure of supply is limited, and downstream inquiries increase, but there is a slight resistance to high prices, mostly to find suitable prices to replenish small quantities to maintain production
.
Crude prices rose on Wednesday, with light sweet crude futures for April delivery on the New York Mercantile Exchange up 28 cents, or 0.
9 percent
, at $32.
15 a barrel.
Brent crude futures on ICE Eurex rose $1.
14, or 3.
4 percent
, to $34.
41 a barrel.
In the spot market, the PVC market traded flat and prices were stable
.
The trading volume of the PVC market in Shanghai was flat, and the quotations of individual sources still rose, and the overall performance was relatively firm
.
Type 5 mainstream self-pickup quotation is 5130-5250 yuan / ton, low price is difficult to find, high price exists, shipment is general
.
The PVC market sentiment in Hebei is acceptable, some enterprises continue to raise support, and merchants' quotations follow the rise
.
The mainstream of ordinary type 5 calcium carbide is delivered without tax 4670-4770 yuan / ton, including tax 4970-5070 yuan / ton, and higher quotations are also available
.
The PVC market atmosphere in Guangzhou is acceptable, and the quotations of merchants are firm, but the high-price transactions are general, and the transaction volume has declined
.
The mainstream transaction price of ordinary type 5 calcium carbide is 5200-5270 yuan / ton for self-pickup, and the price of Zhongtai/Tianye is slightly higher
.
Merchants mostly follow the operation, and the downstream is more looking for low-price orders, which is slightly resistant to high prices, and the trading atmosphere is general
.
It is expected that the short-term PVC market will be
dominated by high volatility.