Acetylene based PVC prices move higher in Southeast Asia
by ChemOrbis Editorial Team - content@chemorbis.com
A few Chinese producers reported that they issued hikes on their acetylene based PVC offers to Southeast Asia.
A source from a Chinese acetylene based PVC producer reported that prices continued to increase this week and their offers are up by $20/ton when compared to last week. Accordingly, the producer’s offers currently stand at $985-990/ton CIF SEA, cash basis.
A source from a second Chinese acetylene based PVC producer whose offers are quoted at the same levels said, “Local prices have been surging and we already have orders until December. Therefore, we don’t expect prices to fall but we have doubts about the sustainability of the current high levels due to the growing amount of import materials offered to China.”
Meanwhile, a source from a Taiwanese PVC producer reported that their offers for PVC K-67-68 is at $935-940/ton CIF SEA/China, up by $30-35/ton on both ends. The source said, “After the Taiwanese major implemented a price hike last month; we adjusted our offers up by $30/ton. Demand is weak in India while it is reportedly good in the Middle East, China and Southeast Asia. Our inventory level is low and we are feeling free from sales pressure. We are waiting for the Taiwanese major’s new prices and we expect them to implement a new price hike on their December levels but we are not sure on the announcement date. Plus, we are running our plant at full rates currently.”
A source from a Chinese acetylene based PVC producer reported that prices continued to increase this week and their offers are up by $20/ton when compared to last week. Accordingly, the producer’s offers currently stand at $985-990/ton CIF SEA, cash basis.
A source from a second Chinese acetylene based PVC producer whose offers are quoted at the same levels said, “Local prices have been surging and we already have orders until December. Therefore, we don’t expect prices to fall but we have doubts about the sustainability of the current high levels due to the growing amount of import materials offered to China.”
Meanwhile, a source from a Taiwanese PVC producer reported that their offers for PVC K-67-68 is at $935-940/ton CIF SEA/China, up by $30-35/ton on both ends. The source said, “After the Taiwanese major implemented a price hike last month; we adjusted our offers up by $30/ton. Demand is weak in India while it is reportedly good in the Middle East, China and Southeast Asia. Our inventory level is low and we are feeling free from sales pressure. We are waiting for the Taiwanese major’s new prices and we expect them to implement a new price hike on their December levels but we are not sure on the announcement date. Plus, we are running our plant at full rates currently.”
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- India import PVC market recedes from all-time high on COVID-hit demand
- Stats: China’s total PP, PE imports in Q1 mark lowest volume in a year
- Vietnamese PE buyers hold off purchases on fears of further price pullback
- European PS on brink of a softer trend after 6 months
- Turkish PP and PE players voice bearish expectations for May
- China’s local homo-PP prices slide below imports
- Irregular PE origins emerge at competitive prices in Europe
- Mid-Eastern sellers backpedal in Africa on competitive PP, PE offers from Asia
- European PVC set to extend longest rising streak into May
- Downtrend continues in Turkish PP, PE markets amid Ramadan lull
