Indian producer lowers local PVC prices
by ChemOrbis Editorial Team - content@chemorbis.com
Players in India reported that a local producer reduced its local PVC prices by INR3000/ton ($46/ton) after issuing increases in early October. The producer’s PVC prices now stand at INR71000/ton ($1090/ton) ex-warehouse India, cash.
An agent of the local producer commented, “We heard that the producer decreased its offers as Japanese cargoes are offered at quite competitive levels. We think the market will remain weak after the Diwali holiday.”
A trader also noted, “The local producer issued decreases on its offers after a Taiwanese major announced its November PVC offers with a large decrease.”
Meanwhile, a major Taiwanese producer announced its November PVC prices with visible decreases of $70/ton to India when compared to October and sold out its November quota at its initial offer level of $940/ton CIF India, cash.
An agent of the local producer commented, “We heard that the producer decreased its offers as Japanese cargoes are offered at quite competitive levels. We think the market will remain weak after the Diwali holiday.”
A trader also noted, “The local producer issued decreases on its offers after a Taiwanese major announced its November PVC offers with a large decrease.”
Meanwhile, a major Taiwanese producer announced its November PVC prices with visible decreases of $70/ton to India when compared to October and sold out its November quota at its initial offer level of $940/ton CIF India, cash.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PP continues downward spiral in Sept amid persistently weak demand in Türkiye
- European PVC buyers resist initial hike attempts for September
- Asian PVC continues to face downward pressure; all eyes on Taiwan’s Oct pricing
- PE producers defy lower C2 contracts in Europe on margin recovery targets
- China’s seasonal demand sparks opposite views among PP, PE players; SEA outlook still bleak
- Middle East financial results offer mixed bag in Q2/H1 2024
- Waning cost support, demand sour PET sentiment in Italy and West Europe
- India’s PP, PE markets extend declines in Sept; will post-monsoon demand kick in?
- Local PVC prices see fresh drops across Southeast Asian markets
- Stats: EU27’s H1 2024 polymer imports down on year; PVC sees sharpest decline
