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Local PVC prices soften in China

by ChemOrbis Editorial Team -
  • 15/06/2016 (13:08)
Players in China report that domestic PVC prices dropped by CNY50-100/ton ($7-15/ton) from a week earlier. Slow demand combined with lower futures prices weakened market sentiment, with most players sourcing on an as needed basis only.

A trader reported that they are seeing a stable to softer trend for acetylene based PVC prices compared with the previous week, attributing this to lower inquiries and a slight decline in futures prices. “Ethylene based PVC has also posted some declines recently due to lower feedstock costs,” the trader added.

A source from an acetylene based producer reported, “We are waiting for a Taiwanese major’s new offers to determine our new prices and we prefer focusing on meeting domestic demand. We managed to conclude some deals at CNY5100-5200/ton ($664-677/ton without VAT) FD, cash inc VAT after agreeing to some discounts. ”

Local prices for acetylene based PVC k67 stand at CNY5100-5300/ton ($664-690/ton without VAT) on FD China, cash inc VAT basis while prices for conventional PVC k67 are quoted at CNY5600/ton ($729/ton without VAT) on an ex-warehouse China, cash inc VAT basis. Meanwhile, spot VCM prices on a CFR FEA basis fell by $10/ton on the week to be currently quoted at $620/ton.
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