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Japanese producer expresses March PVC sell ideas to China, SEA

by ChemOrbis Editorial Team -
  • 10/02/2015 (17:27)
A source from a Japanese producer reported that they are planning to announce their March PVC prices to China and Southeast Asia at levels similar to those announced by a major Taiwanese producer. The Japanese producer’s sell ideas for March PVC stand at $850/ton CIF Southeast Asia/CFR China, cash basis.

The source stated, “Demand is better in India in line with limited local supplies and we managed to conclude some deals at $880-890/ton CIF India, cash. We heard that an Indian producer is expected to issue additional increases of INR2000/ton ($32/ton) on their domestic PVC prices. For the near term, we expect to see a firmer trend.”

Meanwhile, a trader based in Shanghai commented, “Most sellers are likely to announce their new March prices in line with a major Taiwanese producer’s PVC offer levels. Trading activities in India are better when compared to other Asian markets. We expect demand in China’s local market to pick up after the holidays as the weather will get warmer while manufacturing activities will increase.”
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