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Local PVC supply limited in Philippines

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/06/2016 (15:13)
Players in the Philippines reported that PVC supplies from local producers are limited due to technical issues and therefore, they started to meet the requirements of their customers with imported material from other Asian origins.

A local producer commented, “We haven’t received any VCM cargoes yet as our feedstock supplier has been having a maintenance shutdown, which prevents them from supplying material to us since last month. Therefore, we had to source some import PVC from an Indonesian supplier.”

A buyer also reported that a second PVC producer in the Philippines faced a technical glitch at their plant and was unable to give offers for k70 grade. “Local PVC supply is limited and we heard that the producer plans to sell Japanese materials . As their stocks can last around 2-3 weeks, they are planning to source more material from the import market,” he said.

Local prices for PVC k67 were reported at PHP48,000-49,000/ton ($925-944/ton excluding VAT) on a FD Philippines, cash basis.

Market expectations for imports, meanwhile, remain bearish following the price announcement of a Taiwanese major for July, which indicates a second consecutive month of decreases. The overall import k67 range was reported at $740-770/ton CIF Philippines, cash.
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