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As of 15:00 on January 13, China Plastics price index was at 888, up 1.85 from the previous trading day; China Plastics spot index was at 978.56, up 0.63 from the previous trading day.

Worries about tensions in the Middle East have eased, oil supply has not been substantially interrupted, U.S. oil inventories have increased unexpectedly, and crude oil futures in Europe and the United States have fallen for the fourth consecutive day, the biggest weekly decline in five months. On Friday (January 10), the settlement price of WTI crude oil futures in February 2020 was $59.04 per barrel, down $0.52, down 0.9%, and the trading range was $58.85-59.78; the settlement price of Brent crude oil futures in March 2020 was $64.98 per barrel, down $0.39, down 0.6%, and the trading range was $64.86-65.66.

PVC market maintained a small consolidation trend. In the market, the digestion capacity is limited, the merchants trade more short-term, the downstream takes the goods cautiously, and the transaction volume is not obvious. In terms of price, the main quotation of ethylene material is about 7350-7550 yuan / ton, and the main quotation of 5-type calcium carbide material is about 6900-7250 yuan / ton, and the actual transaction can be negotiated. (see the price database of Zhejiang plastics market for the specific quotation of each brand)

Crude oil fell in shock, while PVC market in plastic city was in a weak and stable operation. Merchants are unstable and cautious in operation. Terminal replenishment is based on demand, and the delivery continues to be light. Zhejiang plastic market is expected to maintain the stability of the PVC market mainstream in the short term, and some minor adjustments still exist.