Korean PVC breached above $900/ton threshold in India

Market sources reported this week receiving fresh PVC offers from a major Korean producer at $905-915/ton CIF India, LC 90 days term, some $55-65/ton increased from last month. Buyers are showing strong resistance towards this offers in spite of lacking availability and better than expected demand.

A trader offer on behalf of the producer informed, “We have not been able to conclude any deal at the new offers. Many customers are trying to search for carbide-based cargoes at more competitive prices. We think buyers might take sometime to accept higher levels, hence we prefer to hold firm on our parcels.”