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Taiwanese major reveals Oct PVC prices to Asia

by ChemOrbis Editorial Team -
  • 19/09/2016 (18:15)
A trader in India reported that a Taiwanese major revealed its PVC prices for October with increases. The producer raised its prices by $40/ton when compared to their September levels. Their new offers stand at $890/ton CIF China/Southeast Asia, cash and at $950/ton CIF India, cash.

This hike request of the producer was expected among market players, although some were skeptical about whether these hikes would find acceptance on the buyers’ side. Last week, a trader in India reported, “The Taiwanese major’s new offers will not be lower than $930/ton. Although the full amount of the hike request may not be realized, suppliers are in a comfortable position to set the price.”

Considering the nearing end of the monsoon season, particularly in the north, slowly reviving demand, low inventory levels both on the producers’ and converters’ side and the widely-held firm stance of many suppliers across the region, players in India generally concur that sellers’ hands are stronger in October.
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