Taiwanese PVC continue to move north in India

According to market players, a Taiwanese producer has announced new PVC prices to India today with $20/ton higher than last week to reach $870/ton CIF India, LC AS term for first half of August shipment.

A trader received the new offer commented, “Demand is rather stable by now, however the fact that constraint supply from international supplier is pushing prices up.”

Players in the country believed that prices have reached the bottom though pipe and profile converters are seeing mediocre demand for their end products during the monsoon season. Near term outlook is mostly expected to be firmer with the support from firm upstream costs and limited supply stemming from several shutdowns.