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Local PVC prices for Sept announced lower in Thailand

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/09/2015 (15:00)
A distributor reported that local PVC prices for September have surfaced with decreases in Thailand. He blamed persistently sluggish demand and lower upstream costs for the price reductions.

The distributor received September PVC prices from a local producer at THB30000/ton ($844/ton) on an FD, cash basis. When compared to the most recent August levels the distributor received, the new offers indicate decreases of THB500-1000/ton ($14-28/ton).

“We think that the local PVC market still has room for further reductions as demand is showing no signs of a real improvement for the near term. Our customers are likely to ask for further discounts. However, we may not be able to implement further decreases on our offers as VCM costs are still high in the face of limited availability,” he commented.
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