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Indonesian producer lifts local PVC prices for Oct

by ChemOrbis Editorial Team -
  • 30/09/2015 (13:46)
A source from an Indonesian producer reported that they lifted their local PVC prices for October by IDR950,000-1,000,000/ton ($65-69/ton) from their most recently reported September levels, bringing their new offers to IDR13,250,000-13,500,000/ton ($902-919/ton) on an FD Indonesia, cash basis.

The source commented, “We raised our local offers due to the ongoing depreciation of the Indonesian rupiah against the US dollar. We expect to see regular demand for October. Meanwhile, PVC supplies are likely to tighten in the near term given a number of upcoming plant shutdowns across regional markets.”

Meanwhile, for export markets, the producer rolled over their PVC prices from late September at $790-800/ton CIF SEA, cash basis. “We have a limited allocation for October due to our healthy sales in September,” the source stated.
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