Market Players: Major Taiwan sold out PVC allocation for May

According to market players, a major Taiwanese producer has sold out their May PVC allocation since yesterday. The producer reportedly allocates 30,000 metric tons to India market, 10,000 tons to China and 20,000 tons to other markets (including Southeast Asia), market sources informed.

“Our principal has managed to conclude their offers without giving further additional discount. Demand in Indian market seems to be still satisfactory and we heard that Korean suppliers who are offering similar price level with Taiwan major producer are also going to sold out their allocations for India soon,” a player from India informed.

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