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South Korean producer lifts PVC prices for Oct to India

by ChemOrbis Editorial Team -
  • 21/09/2015 (12:18)
A source from a South Korean producer reported that they announced their October PVC prices to India with an increase of $20/ton from September. The source attributed their hike decision to their upcoming maintenance shutdown in October as well as a local Indian producer’s recent increase.

“We started to offer our October shipment cargoes to India before a major Taiwanese producer announces their new prices. However, we may revise our levels upward if the Taiwanese major reveals higher offers. In the second half of October, we are planning to shut one of our PVC lines for one week, which will limit our supply by 5,000 tons. Hence, we allocated a smaller quota to India for October,” he commented.

The producer’s October PVC prices stand at $850/ton CIF India, cash, or at $855/ton CIF, 90 days deferred payment basis.
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