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Taiwanese major reduces Nov PVC prices to China and SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/10/2014 (07:48)
An agent of a Taiwanese producer reported that the company has announced their November PVC prices to China and Southeast Asia with decreases of $20/ton compared with their October deal levels. The producer’s prices currently stand at $1000/ton to China and at $990/ton to SEA, all on a CIF/CFR, cash basis. The producer has not announced their November prices to India yet and players expect that the producer will announce prices to India next week after the Diwali holidays.

Players had been expecting to see reductions on November PVC prices given softer upstream costs and less than spectacular demand, although sellers may try to limit the extent of any decreases as spot VCM costs have yet to see many major reductions.
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