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The PVC market is moving
steadily.
The mentality of merchants is temporarily stable, and the market shipment is the mainstay
.
Terminal demand has not improved much, cautious wait-and-see, real transaction negotiations
.
Upstream market: crude oil futures were lower, with NYMEX June U.
S.
WTI benchmark crude futures closing down $1.
09 or 2.
5% at $42.
64 a barrel, and Intercontinental Exchange (ICE) June Brent crude futures closing down $0.
63 or down 1.
4% at $
44.
48 a barrel.
Asian ethylene market prices were stable, CFR Northeast Asia prices held steady at 1189.
5-1191.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1144.
5-1146.
5/mt
.
The spot market traded flat, and prices were stable and small
.
The PVC market in Hangzhou is generally shipped at high prices, and the quotation is stable and rising
.
Type 5 ordinary calcium carbide mainstream self-pickup quotation 5350-5450 yuan / ton, slightly higher quotation is also available
.
The PVC market atmosphere in Hebei is acceptable, the transaction is tepid, the mainstream price is stable, and some prices have increased
slightly.
The mainstream of ordinary type 5 calcium carbide is delivered without tax 4850-5000 yuan / ton, including tax 5180-5340 yuan / ton, and higher quotations are also available
.
PVC prices in the Linyi market continued to be stable, traders followed the market, and trading was tepid
.
Ordinary type 5 calcium carbide excluding tax quotation is delivered at 5000-5020 yuan / ton, and the price of the whole vehicle is slightly lower
.
Traders adjust prices along with the market and are cautious about
the future market.
The demand of downstream manufacturers followed slowly, and the transaction was flat
.
It is expected that the short-term PVC market will still be dominated by narrow
adjustments.