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Local PVC prices move lower in the Philippines

by ChemOrbis Editorial Team - content@chemorbis.com
  • 11/12/2014 (16:44)
A Philippine producer reported lowering their December PVC prices to the local market while a source at a Philippine producer reported that they are planning to announce their new December PVC k67 prices to the local market with decreases.

One domestic producer reported said that they are currently offering December PVC cargoes at PHP54000-55000/ton FD Philippines, cash including VAT ($1082-1103/ton without VAT), down PHP4000-5000/ton ($90-112/ton) from their November deals. A producer source commented, “Buyers are not willing to make fresh purchases ahead of the long holiday period. We are feeling bearish regarding the near term outlook.”

Meanwhile, a source at another local PVC producer expressed their sell ideas with decreases of PHP1000-3000/ton ($22-67/ton) at PHP55000/ton FD Philippines, cash including VAT ($1103/ton without VAT).

The source stated, “Our customers are already placing bids at PHP53000/ton FD, cash inc VAT ($1063/ton without VAT), PHP2000/ton ($45/ton) below our sell ideas. We are now waiting to hear a major Taiwanese producer’s new January announcements before finalizing our new prices.”
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