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Taiwanese major implements second Dec reduction for PVC

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/11/2014 (11:00)
According to a trader, a major Taiwanese producer has implemented a second decrease of $20/ton on their December PVC prices to Asia after announcing an initial reduction of $40/ton earlier in the week. The producer’s new prices stand at $910/ton to SEA, $920/ton to China and $940/ton to India, all on a CIF/CFR, cash basis. “We hear that producers are facing some sales pressure and this is putting some downward pressure on prices,” the trader commented.

Import PVC prices currently stand at $890-960/ton to Southeast Asia and at $910-970/ton to India, both on a CIF, cash equivalent basis. Meanwhile, December offers to China stand at $920-940/ton for Asian origins and at $900/ton for American origins, all on a CFR China, cash basis.
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