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Asian PVC players voice early expectations for August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/07/2017 (04:38)
PVC players in Asia are nowadays sharing their expectations regarding the major Taiwanese producer’s August announcements, which are expected to be revealed earlier than usual by next week. The overall expectations are mostly calling for increases in line with the firmer prices in China while there are some players who expect to see rollovers given slow demand.

In India, an agent of the Taiwanese major noted, “The producer may announce August prices with increases by next week. As demand in India is weak given the monsoon season, allocations to the country might be less.”

A trader commented, “Rumor has it that the Taiwanese major’s August pricing will come with increases of around $30-50/ton due to limited availability. New levels are expected to be revealed by next week. We think the major’s early announcement may find support from firmer local prices in China.”

In Southeast Asia, a source from a Vietnamese producer opined, “The Taiwanese major may raise its August prices by more than $20/ton considering the uptrend in China as well as the signs of a rebound in crude oil prices. Additionally, demand from both China and India may improve in August.”

A compounder in Malaysia also thinks increases for August shipment are possible, attributing his expectations to the firmer Chinese market. “The amount of the increases remains unknown as the sentiment in markets other than China is still weak,” he added.

A source from a Malaysian producer, on the other hand, gave a fifty-fifty chance for rollovers or $20/ton increases and said, “We think the only obstacle for firmer prices is slow demand, showing no sign of improvement so far. We believe prices will be rolled over due to lower upstream costs as well as the state of demand.”
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