Softening in China’s local PVC market persists
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.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September