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Indonesian producers announce domestic PVC prices for Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/12/2014 (10:56)
Two Indonesian producers have announced their domestic PVC prices for December with decreases from the prior month. Weaker upstream costs and softening international trends were cited as the main reasons for the price reductions.

One domestic producer reported reducing their prices by $30-40/ton to $1070-1080/ton FD Indonesia, 30 days deferred payment. “Demand from the local market has picked up as most converters prefer promptly available materials given the ongoing softening trend in major global markets. We are only offering PVC k70 cargoes for export this month,” a producer source commented.

Meanwhile, another local producer said that they decreased their prices by $40-50/ton to $1080-1130/ton FD, cash. “We hear that local supplies are tight for VCM, although we are not having any trouble securing feedstock from our supplier,” a producer source stated.

Domestic PVC prices currently stand at $1066-1130/ton FD Indonesia, cash equivalent basis.
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