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PVC suppliers follow Taiwanese major’s Dec hikes in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/11/2016 (16:39)
According to PVC players in Asia, more suppliers have started to approach the regional markets with increases following a major Taiwanese producer’s December announcements. The producer elected to raise their offers by $40/ton to China and Southeast Asia and by $20/ton to India when compared to their latest November levels. The producer’s new offers currently stand at $1010/ton CIF India, cash and at $970/ton CFR China/CIF SEA, cash.

A second Taiwanese producer also increased their offers by $25-30/ton to China and Southeast Asia and by $10/ton to India, bringing their new prices to $970/ton CFR China/CIF SEA, cash and to $1000/ton CIF India, cash. “We were able to conclude some deals at our new levels,” a producer source commented.

In Southeast Asia, initial Japanese PVC offers for December emerged higher at $980-990/ton CIF, cash this week. A trader commented, “Japanese suppliers’ quotas are still limited and this explains their firm stance. However, we believe that buyers will be reluctant to accept higher levels in the face of their slow end product business.”

A source from an Indonesian producer reported that they also followed suit by implementing increases of $30-40/ton on their December offers to regional markets. Their PVC offers currently stand at $970/ton CIF SEA, cash basis. “We are open to negotiations on our new levels,” the source added.
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