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As of 15:00 on January 8, China Plastics price index was at 886.24, up 2.66 from the previous trading day; China Plastics spot index was at 978.51, up 0.19 from the previous trading day.

Although tensions between the United States and Iran have intensified, there has been no substantial interruption in oil supply. Analysts believe that oil prices have risen too fast and too much in the past three days, traders took profits and crude oil futures in Europe and the United States fell for the first time in four trading days. However, analysts estimate that US crude oil inventories fell last week and international oil prices rebounded in the after hours electronic trading system. On Tuesday (January 7), WTI crude oil futures settlement price in February 2020 was 62.7 US dollars per barrel, down 0.57 US dollars, down 0.9%, trading range was 62.11-63.15 US dollars; Brent crude oil futures settlement price in March 2020 was 68.27 US dollars per barrel, down 0.64 US dollars, down 0.9%, trading range was 67.65-68.75 US dollars.

PVC market trend remained stable overall. Near the Spring Festival, the current demand change in the downstream is not obvious, mainly on demand, and the actual transaction in the market is limited. 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)

PVC market has a strong wait-and-see atmosphere. The market is mainly in narrow range, and the merchants go with the market. Downstream manufacturers purchase on demand, with lower willingness to prepare goods before the festival, and relatively flat transaction. Zhejiang plastic market expects that PVC market will be dominated by stable consolidation in the short term. (personal view, for reference only)