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Ethylene based PVC regains premium over acetylene based in China

by ChemOrbis Editorial Team -
  • 27/07/2016 (16:29)
Between mid-June and mid-July, acetylene based PVC prices posted successive gains in China’s local market on the back of firmer futures prices while ethylene based PVC prices posted no major changes during the same period. This had caused ethylene based PVC’s premium over acetylene to hit a more than two-year-low. However, this situation has changed in the past two weeks.

According to ChemOrbis Price Index, ethylene based PVC prices posted a cumulative increase of CNY266/ton ($40/ton) on average by surging aggressively compared to two weeks ago. Acetylene based PVC prices, on the other hand, followed a stable to slightly softer trend, which eventually caused the gap between these two products to widen again back to tradional levels.

The slight drop in acetylene based PVC prices was attributed to weaker Dalian futures and buyers’ preference for ethylene based PVC due to better quality issues.

In China, local ethylene based PVC prices are currently quoted at CNY5900-6200/ton ($884-929/ton excluding VAT) for PVC k67 on ex-warehouse China, cash basis. As for acetylene based PVC, prices are reported at CNY5500-5800/ton ($824-869/ton) for k67 with the same terms.
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