Another Taiwanese producer cuts PVC offers to China, SE Asia; revises up to India
by ChemOrbis Editorial Team - content@chemorbis.com
Following the awaited price announcement of a Taiwanese major, a second Taiwanese PVC producer lowered its offers by $25/ton to China and Southeast Asia to $845-850/ton CIF China/SEA, cash basis.
However, the producer has adjusted its offers to the Indian market up by $15/ton this week after cutting them by $35/ton when compared to its levels before the Taiwanese major’s December announcement. The producer’s offers are currently standing at $895/ton CIF India, almost matching the Taiwanese major’s levels at $890/ton with the same terms.
“We have revised our offers up to India in order to test the market and we concluded some deals at that level,” the source noted.
However, the producer has adjusted its offers to the Indian market up by $15/ton this week after cutting them by $35/ton when compared to its levels before the Taiwanese major’s December announcement. The producer’s offers are currently standing at $895/ton CIF India, almost matching the Taiwanese major’s levels at $890/ton with the same terms.
“We have revised our offers up to India in order to test the market and we concluded some deals at that level,” the source noted.
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