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Indonesian producer sells out Aug PVC quota to SE Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/08/2017 (11:39)
A source from an Indonesian producer reported that they have sold out their August PVC quota to Southeast Asia at $860/ton CIF, cash basis. The producer’s levels indicate a $20/ton increase from last month.

The source stated, “In terms of demand, Southeast Asia is the weakest market in the Asia region. However, demand started to slightly improve in Malaysia and Indonesia following the end of the Hari Raya holidays. We sold quite well to the Malaysian market as there is a shortage of acetylene-based PVC supply from China amidst environmental issues and shutdowns. We think the market outlook is firm given better demand and reduced PVC supplies.”
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