Chinese PVC producer lifts acetylene based offers despite demand

A source from a Chinese PVC producer reported that they applied a modest increase of $10/ton on their export offers for acetylene based k67 materials despite the ongoing weakness of demand. The producer attributed their hike decision to increasing coal prices in the country.

“Acetylene based PVC producers have to stand firm on their offers nowadays in the face of firmer costs. We slightly increased our offers to $860/ton FOB, cash due to the bullish run of coal prices. As for ethylene based PVC, however, we cut our offers by $20/ton from last week to $850/ton FOB, cash given the lack of demand,” commented the source.

Another acetylene based PVC producer said, “Despite weak demand, we are not able to give any discounts for acetylene based PVC given rising coal costs. We kept our export offer stable at $880/ton FOB, cash. Our current price is not competitive at all in the export markets. Hence, we mostly focus on our domestic market nowadays.”

The overall ranges for export prices from China are currently reported at $860-880/ton for acetylene based PVC and at $850-900/ton for ethylene based PVC.