Softening in China’s local PVC market persists
by ChemOrbis Editorial Team - content@chemorbis.com
In China, local PVC prices have been witnessing drops for the past two weeks mainly due to falling futures prices. Ample supplies as well as the market’s slow digestion rate were also blamed for this softening.
On March 28, May PVC future prices on the Dalian Commodity Exchange registered a cumulative decrease of $41/ton since early last week.
A trader commented, “Prices in the domestic market are softening this week in the face of retreating futures prices. Plus, demand remains weak as players prefer to stay on the sidelines or limit their purchases based on their needs. When it comes to supply, stock levels of producers and traders are still high despite a slight reduction.”
Meanwhile, acetylene based PVC prices also retreated within the same period. An acetylene based PVC producer stated, “Our prices moved lower over the last two weeks due to the recent drops on futures prices while demand remains weak and players are sidelined.”
On March 28, May PVC future prices on the Dalian Commodity Exchange registered a cumulative decrease of $41/ton since early last week.
A trader commented, “Prices in the domestic market are softening this week in the face of retreating futures prices. Plus, demand remains weak as players prefer to stay on the sidelines or limit their purchases based on their needs. When it comes to supply, stock levels of producers and traders are still high despite a slight reduction.”
Meanwhile, acetylene based PVC prices also retreated within the same period. An acetylene based PVC producer stated, “Our prices moved lower over the last two weeks due to the recent drops on futures prices while demand remains weak and players are sidelined.”
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