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Indonesian producer cuts import PVC prices for May

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/05/2015 (14:28)
A source from an Indonesian producer reported that they have implemented a reduction of $25-30/ton on their May PVC prices to the Southeast Asian markets while keeping their domestic prices stable on the week. The producer’s May PVC prices currently stand at $870/ton on a CIF SEA, cash basis.

The source commented, “Buyers are hesitant to purchase nowadays while we may consider reducing our import allocation due to the recent jump in ethylene costs.”

Meanwhile, the producer maintained their domestic prices at $970-1000/ton FD Indonesia, cash. “Local demand from the packaging sector has started to show some signs of improvement ahead of the approaching Lebaran holidays in July,” the source stated.

In Southeast Asia, overall PVC k67 prices are currently reported in the range of $860-900/ton on a CIF SEA, cash equivalent basis.
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