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Local acetylene based PVC prices move lower in China

by ChemOrbis Editorial Team -
  • 24/06/2015 (18:00)
According to traders in China, local acetylene based PVC prices witnessed further softening this week in the face of persistently sluggish demand. A trader based in Shanghai commented that the market failed to stabilize for another week as demand is not supportive.

Acetylene based PVC prices are currently reported at CNY5550-5650/ton on an ex-warehouse China, cash equivalent basis ($778-792/ton without VAT). According to ChemOrbis Price Index, the range indicates decreases of around CNY90-100/ton ($14-16/ton) on a week over week basis.

Meanwhile, acetylene based PVC offers reemerged in the Indian and Southeast Asian markets this week at $850/ton CIF, cash, which failed to attract buying interest as most players did not find this level to be competitive relative to conventional PVC.
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