Producers introduce further hike on PVC to S. Asia market

After the major Taiwanese producer reported sold out March PVC allocation last week to regional markets, couple of other makers decided to increase their offers further today to Southeast Asia claiming good demand to be the primary support.   

A Chinese ethylene based PVC producer lifted their export offers by $15/t compared to last week to reach $745-755/t CIF SEA, LC AS term said, “Local demand is not very strong with carbide based PVC makers are giving discount to entice sales. Meanwhile, we receive better enquiries from overseas market hence we plan to divert more cargoes to export. We think tight supply and healthy demand in India would keep the market on the firm trend in the near term.”

Another trader added that their Taiwanese principal has also implemented some $30/t increase on their cargoes to reach $730/t FOB Taiwan term. The source said, “Peak seasonal demand in India is elevating the whole market and we heard some other international suppliers are also attempting to increase their offer further to this market this week. We expect the PVC market will remain strong in the coming month.”

Import PVC to Southeast Asia market is currently stand at $715-725/t for carbide based cargoes and at $745-755/t for ethylene based cargoes, all on CIF SEA, LC AS term.

Kindly visit the Daily Price section for the latest import and local prices to/in China and Southeast Asia market.