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Buyers: Philippine producer lowers local PVC prices

by ChemOrbis Editorial Team -
  • 06/08/2015 (14:56)
According to buyers in the Philippines, a local producer implemented a decrease of PHP1000/ton ($22/ton) on their domestic PVC prices given thin buying interest.

A pipe manufacturer stated, “A local producer lowered their prices. However, demand for our end products remains stable while local supplies are comfortable. Hence, we are not planning to make large scale purchases for now.” A second converter added, “A local producer issued a small decrease on their offers as demand is relatively slower when compared to last month. We made a small scale purchase as we have enough stocks for the next one and a half months.”

In the Philippines, local PVC k67 prices are currently reported at PHP46000-46500/ton on an FD Philippines, cash equivalent including VAT basis ($901-911/ton without VAT).
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