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Players: Philippine producer lifts local PVC prices

by ChemOrbis Editorial Team -
  • 07/09/2015 (14:20)
Players in the Philippines report that a local producer raised their domestic PVC prices due to the higher Philippine peso-US dollar parity.

An end product manufacturer reported that a local producer implemented an increase of around PHP1000/ton ($21/ton) on their PVC prices, bringing their new offers to PHP47500/ton ($909/ton without VAT) on an FD Philippines, cash inc VAT basis. The converter stated, “The producer lifted their prices due to the appreciating US dollar. Demand is regular while supplies are sufficient at the moment.”

A trader also reported receiving an increase from a local producer, commenting, “Our supplier raised their offers as import VCM costs are higher due to the stronger dollar.” According to him, the producer’s local PVC offers stand at PHP46500-47000/ton ($889-899/ton without VAT) on an FD, cash inc VAT basis.
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