Downstream demand general PVC market performance low
Downstream demand general PVC market performance low
On December 31, the domestic PVC market overall performance was depressed, the market price continued to fall, the demand followed slowly. A small amount of the company to make the delivery of the goods, the actual transaction can be negotiated, but the low transaction is not ideal.
On the macro level, crude oil futures rose on Tuesday, while the settlement price of WTI light sweet crude futures settled on the New York mercantile exchange in February rose 51 cents, or 1%, to $54.12 a barrel. ICE February brent crude futures settled at $57.90 per barrel.
In the upstream market, the price of ethylene in Asia fell on Tuesday, with CFR reporting 929.5-931.5 per ton in northeast Asia, and CFR southeast Asia down $5 / ton at 994.5-996.5 usd/ton.
Spot market: the PVC market is calm, the demand is general, the trading is tepid. The PVC market in hangzhou has not changed very much, since it is not optimistic after the holiday, and the traders are steadily walking the goods orders and negotiating the transaction. The PVC market in tianjin continues to be flat, weak demand and limited trading volume, and some prices continue to fall. Qilu chemical city PVC market continues to be flat, demand is not good, the market volume is low. Businesses maintain fast forward to the main, mainstream prices fluctuate little, some of the electric stones continue to fall.
Downstream enterprises are working normally and demand is weak. Merchants hold the cash on the sidelines, making room for more space. The market for PVC is expected to remain unpromising.
