Acetylene based PVC climbs above ethylene based offers in SEA, India

In Southeast Asia and India, import acetylene based PVC prices have gained a premium over traditional PVC for the last three weeks on the back of the ongoing supply shortness in China.

A source from a Chinese acetylene based PVC producer reported that they implemented additional increases of $10/ton on their offers this week to Southeast Asia when compared to their latest levels. He commented, “We think that the market has already reached its peak levels, yet we elected to apply a further increase on our offers owing to a major Taiwanese producer’s December announcements which came with increases of $40/ton from November.” The producer’s offers for acetylene based PVC currently stand at $1015-1020/ton on a CIF, cash basis.

When it comes to traditional PVC, the overall import k67 range is currently quoted at $890-990/ton on a CIF Southeast Asia, cash basis.

In India, acetylene based PVC prices were reported unchanged from a week earlier at $1153/ton on a CIF, cash basis. A source from a Chinese producer stated that they kept their offers unchanged this week due to a Taiwanese major’s firm approach to the market. “To tell the truth, acetylene based PVC offers aren’t attracting any demand since offers for traditional PVC are more competitive,” he commented.

The overall range for import PVC k67 prices in India is currently pegged at $970-1010/ton on a CIF, cash basis.