South Korean PVC offers competitive edge in SE Asia
by ChemOrbis Editorial Team - content@chemorbis.com
PVC sellers in Asia are following a major Taiwanese producer’s pricing policy for May and lowering their offers to regional markets. After the major producer announced a more-than-expected decrease of $80/ton on its May offers, players started to report lower prices for other origins.
In Southeast Asia, the Taiwanese producer revealed its PVC offers at $870/ton CIF, cash while a few buyers reported receiving even lower offers from the producer at $850/ton with the same terms.
The overall range for import PVC k67-68 prices is currently quoted at $800-870/ton on a CIF SEA, cash equivalent basis. Within the range, South Korean offers stand at $800-850/ton CIF, cash.
A Malaysian trader offering Korean PVC at $830/ton CIF SEA, cash stated that they are still open to negotiations on this level while another trader stated that they are offering Korean PVC k67 at $800/ton CIF, cash, stating, “We are seeing very good demand from regional buyers at the moment.”
Meanwhile, a Southeast Asian producer reported concluding deals at $835/ton CIF SEA, cash, with a producer source commenting, “We are surprised to hear that the major Taiwanese producer has already sold out his allocation. Demand is improving, but buyers are still pushing for lower levels.”
In Southeast Asia, the Taiwanese producer revealed its PVC offers at $870/ton CIF, cash while a few buyers reported receiving even lower offers from the producer at $850/ton with the same terms.
The overall range for import PVC k67-68 prices is currently quoted at $800-870/ton on a CIF SEA, cash equivalent basis. Within the range, South Korean offers stand at $800-850/ton CIF, cash.
A Malaysian trader offering Korean PVC at $830/ton CIF SEA, cash stated that they are still open to negotiations on this level while another trader stated that they are offering Korean PVC k67 at $800/ton CIF, cash, stating, “We are seeing very good demand from regional buyers at the moment.”
Meanwhile, a Southeast Asian producer reported concluding deals at $835/ton CIF SEA, cash, with a producer source commenting, “We are surprised to hear that the major Taiwanese producer has already sold out his allocation. Demand is improving, but buyers are still pushing for lower levels.”
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