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Indian producer increases domestic PVC offers

by ChemOrbis Editorial Team -
  • 04/01/2021 (06:24)
A major Indian producer raised PVC offers to the domestic market at the start of the new year in a move reflecting continued strong demand amid tight supply in the country, according to traders.

The supplier’s PVC K67 offers were increased by INR4,000/ton ($55/ton) to INR120,500/ton ($1642/ton) on FD India, cash basis with effect from January 1, 2021.

The higher local prices come ahead of February offers by a major Taiwanese producer - which may be announced next week. The Taiwan major - which often sets the lead for Asian markets - has hiked monthly offers consecutively from June last year as countries started to ease COVID-19 lockdowns.
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