March PVC prices announced in local Thai, Indonesian markets
In Indonesia, a source from a local producer reported that they announced their new March PVC prices at $950-990/ton FD Indonesia, cash. The producer’s new levels indicate an increase of $30/ton when compared to their February offers. “We are facing strong resistance from buyers due to sluggish demand in the local market; however, we are feeling bullish regarding the near term in anticipation of seeing better demand in May and we are now planning to build some stocks and will wait until demand improves if buyers are unwilling to purchase at our current levels,” the source commented.
Meanwhile, a distributor based in Thailand reported that local PVC prices for March have been announced with increases of around THB1500/ton ($46/ton) from February at THB32000/ton FD, cash ($989/ton). He stated, “We are waiting to see our customers’ responses to the new levels before making our next move.”
A pipe manufacturer in Thailand also reported receiving new March PVC prices from local producers with increases of THB1000-1500/ton ($31-46/ton) at THB30500/ton FD, cash ($942/ton). The buyer said, “We are still seeing quite good demand for our end products as the pipe industry has entered its traditional high season.”
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