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The PVC market resumes trading activities after the long Chinese New Year holidays with $30-50/t increase for the carbide based grade while no new offers for the regular PVC cargoes observed. Not only export offers move up, local prices for the carbide based PVC has also climbed CNY100-400/t ($15-60/t) compared to before the holiday period. Players attribute these increases to the higher carbide costs and tight supply in the market. 

An international trader commented, “Significant gain in carbide based PVC price is an opportunity for regular PVC cargoes in the near term. We see that supply in the market is not high while demand prospect in India market is rather good, hence we expect firmer trend in the coming month.”

There was also market rumour about impact of the recent earthquake on one of the major Taiwanese producer’s production. To confirm this matter, one of the maker in the country reported, “The quake did not generate any major impact on the producer’s production, however, upstream supply is still tight from which we anticipate lower availability for the coming month. Recently, we receive a good number of inquiries from Indian Subcontinent customers, yet we are not rush to open new offer as we expect higher prices in the near term.”

Today, carbide-based PVC offers are reported at $700-720/t, CIF Southeast Asia, L/C at sight basis.

Kindly visit CommoPlast Daily Price for detailed daily prices in China and Southeast Asia market, or contact us at commoplastinfo@gmail.com for assistance.