Indian producer raises local PVC offers
by ChemOrbis Editorial Team - content@chemorbis.com
A trader in India reported that a major domestic producer lifted its local PVC offers as of February 1, 2020.
The Indian major increased its PVC K67-68 offers by INR1000/ton ($14/ton) to INR75500/ton ($1067/ton) on FD India, cash basis, according to the trader.
PVC demand in India is traditionally buoyant during the first quarter due to the agriculture season and construction activity. The producer’s hike decision was also attributed to the limited availability.
The Indian major increased its PVC K67-68 offers by INR1000/ton ($14/ton) to INR75500/ton ($1067/ton) on FD India, cash basis, according to the trader.
PVC demand in India is traditionally buoyant during the first quarter due to the agriculture season and construction activity. The producer’s hike decision was also attributed to the limited availability.
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