PVC market trends on July 8

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Upstream market: The closing price of international crude oil on July 7 was as follows – the August futures contract for crude oil on the NYMEX in New York closed at $52.33 per barrel, a decrease of $0.2 per barrel. The closing price of August futures for London Brent crude oil was $56.85 per barrel, up $0.31 per barrel. 　　Ethylene prices in Asia have fallen, with CFR Northeast Asia at $1,279–$1,281 per ton, a decrease of $10 per ton ； CFR Southeast Asia: $1,264–$1,266 per ton, down $10 per ton. 　　Today, the domestic calcium carbide market is operating at low levels. Current calcium carbide prices across various regions: 2,800–3,000 yuan per ton in the East China region ； South China: 3,500–3,600 yuan/ton ； North China: 2,700–2,900 yuan/ton ； Northeast China: 2,900–3,000 yuan/ton ； Central China: 2,800–3,000 yuan/ton ； Northwestern region: 2,050–2,150 yuan/ton ； In the southwest region, it is 2,800–3,000 yuan per ton. Spot Market 1. Supply side: Traders maintain a stable supply, with prices dropping significantly. 　　2. On the demand side: there is a tendency for caution among downstream users, resulting in limited actual purchases. Futures market: The main contract for Dalian futures, 1505, closed at 5,060 yuan, down 320 yuan or 5.95%. 　　On the Bohai Exchange, the spot price of PVC in Shandong closed at 5,400 yuan, up 50 yuan or 0.93%. Brief analysis of future market trends: Today, the domestic PVC market saw a significant decline; futures prices dropped to their lower limits consecutively, while trading volume remained decent. In the spot market, amid consecutive daily limit-downs in futures, panic among traders is severe; sales by traders are poor and overall trading activity is weak. Most industry participants are bearish about the future outlook, expecting PVC prices to drop significantly in the short term. It is advised to proceed with caution. Source: PEC Information Network: http://www.pecinfo.net/newscenter/detail-700000-2015070800467.shtml