Local PVC dealt higher in Indonesia

According to market sources, major local producers in Indonesia have lifted domestic offers compared to last month, following the international trend, and several deals were reported at $930/ton based on FD Indonesia, cash term.

A converter purchased some quantity informed, “Our suppliers are very firm on their prices and we only received some discount because of the exchange rate. International market is firming up and might provide further support for domestic sellers to increase their offers further in the near term. Our end product business has yet to show any significant improvement, however we do expect better condition toward quarter 4.”