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Taiwanese PVC prices for Nov announced to India

by ChemOrbis Editorial Team -
  • 27/10/2014 (10:21)
Players in India report that they have received new November PVC prices from a major Taiwanese producer at $1010/ton CIF India, cash, a decrease of $30/ton compared with the most recent deal levels reported from the market for November.

A trader who reported receiving November prices from the producer commented, "Our supplier stepped back on their prices and we feel that they will most probably be able to conclude deals at this price. We have not heard fresh prices from the local market recently, but we believe that domestic producers may agree to some reductions given weaker upstream costs and declining regional trends."

A converter also reported receiving new prices from the producer at $1010/ton CIF. "We hear that the supplier is planning to offer a slightly larger than usual allocation to India this month and we believe that they may struggle to sell at their initial offer levels," the buyer commented.

PVC prices in Asia currently stand at $980-1000/ton CFR China, cash equivalent basis for Asian origins while prices to Southeast Asia stand at $950-1030/ton CIF, cash equivalent.
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