Local PVC prices post increases in China
by ChemOrbis Editorial Team - content@chemorbis.com
Players in China reported that local PVC prices have firmed up this week in line with the higher futures prices. The weekly increase is visible both in ethylene and acetylene based PVC.
A trader reported, “PVC prices firmed up due to higher future prices. Other than that, there is no reason to push PVC prices higher. Indeed, buyers prefer to source carbide based PVC rather than ethylene based PVC these days.”
Another trader also confirmed higher PVC offers in the local market stating, “Domestic PVC market continued to increase. Apart from higher futures, reduced stocks also played a role in the weekly gains, although buyers only source on an as needed basis”.
In China, local PVC prices posted weekly increases of CNY100-150/ton ($15-22/ton excluding VAT) on the high ends to be currently quoted at CNY5500-5800/ton ($827-872/ton excluding VAT) for PVC k67 and CNY5650-5800/ton ($850-872/ton excluding VAT) for PVC k70 on ex-warehouse China, cash basis. As for acetylene based PVC, prices rose by CNY150-200/ton ($22-30/ton excluding VAT) on the week to be reported at CNY5300-5550/ton ($797-835/ton) for k67 with the same terms.
A trader reported, “PVC prices firmed up due to higher future prices. Other than that, there is no reason to push PVC prices higher. Indeed, buyers prefer to source carbide based PVC rather than ethylene based PVC these days.”
Another trader also confirmed higher PVC offers in the local market stating, “Domestic PVC market continued to increase. Apart from higher futures, reduced stocks also played a role in the weekly gains, although buyers only source on an as needed basis”.
In China, local PVC prices posted weekly increases of CNY100-150/ton ($15-22/ton excluding VAT) on the high ends to be currently quoted at CNY5500-5800/ton ($827-872/ton excluding VAT) for PVC k67 and CNY5650-5800/ton ($850-872/ton excluding VAT) for PVC k70 on ex-warehouse China, cash basis. As for acetylene based PVC, prices rose by CNY150-200/ton ($22-30/ton excluding VAT) on the week to be reported at CNY5300-5550/ton ($797-835/ton) for k67 with the same terms.
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