Taiwanese PVC major offers its unsold Sept quota to India with hikes
The producer initially announced its September PVC offers to India with a $60/ton increase from August at $1010/ton CIF, cash. The producer’s k67 offers for September shipment currently stand at $1050/ton CIF India, cash.
“We have around 10,000 tons of PVC left for September and we started to give higher offers for this allocation as of today. Our current price is not subject to any discounts even if the purchasing volume is high,” the source noted.
A trader commented, “The Taiwanese major is giving higher offers for its unsold September allocation nowadays. They were unable to sell it earlier as Indian buyers’ resisted their hike request in the first place. However, buyers are likely to accept that the sentiment will remain bullish in October amidst firm ethylene and growing supply concerns across the global markets.”
A second trader affirmed, “Demand remains weak in India, yet PVC prices receive support from upstream costs, the bullish run in China as well as a series of shutdowns in the US after Hurricane Harvey.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years