Indian producer raises local PVC prices
by ChemOrbis Editorial Team - content@chemorbis.com
According to players in India, a domestic producer lifted its local PVC prices by INR1000/ton ($16/ton) as of December 20. The producer currently offers PVC k67 at INR69,500/ton ($1083/ton) on an ex-warehouse India, cash basis.
A converter commented, “Demand continues to improve as buyers mostly think that PVC prices already hit their bottom level in November. We are planning to make fresh purchases given our expectations to see further PVC increases in the near term.”
Last week, a major Taiwanese producer announced its January PVC k67 prices with an increase of $20/ton from December at $910/ton CIF India, cash. The producer reportedly sold out its allocation to the country within an hour after the announcement.
A converter commented, “Demand continues to improve as buyers mostly think that PVC prices already hit their bottom level in November. We are planning to make fresh purchases given our expectations to see further PVC increases in the near term.”
Last week, a major Taiwanese producer announced its January PVC k67 prices with an increase of $20/ton from December at $910/ton CIF India, cash. The producer reportedly sold out its allocation to the country within an hour after the announcement.
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