Taiwanese producer gives higher PVC sell ideas for Apr to India
by ChemOrbis Editorial Team - content@chemorbis.com
A Taiwanese producer has expressed their PVC sell ideas for April with increases of $50/ton to India, bringing their new sell ideas to $950/ton CIF, cash. “We plan to officially announce our prices later in the week, possibly tomorrow. We believe that buyers will accept higher prices as producers from the US and Japan will be facing availability limitations stemming from turnarounds and will not be able to supply large quantities to the market. We anticipate strong demand from India as local supply is tight and we are therefore not too worried that higher prices may create a renewed opportunity for Chinese acetylene based producers to export,” a producer source commented.
The producer’s new sell ideas were largely in line with players’ expectations. A trader who reported receiving an offer for Chinese acetylene based PVC at $850/ton CIF stated, “We believe that major regional producers have delayed their price announcements due to the recent volatility in crude oil prices. We expect new prices from regional majors to be announced at around $940/ton.”
A converter manufacturing pipes and fittings predicted that regional majors would announce April prices at around $960-970/ton CIF. “We feel that sellers will not offer above this level as they do not want to leave room for Chinese acetylene based producers to compete. Local supply is tight, but we think that availability will improve later this month as some previously purchased import cargoes are said to be due to arrive at the ports,” the buyer reported.
Import PVC prices currently stand at $930-960/ton CIF India, cash equivalent basis while offers for Chinese acetylene based PVC stand at $850-860/ton with the same terms.
The producer’s new sell ideas were largely in line with players’ expectations. A trader who reported receiving an offer for Chinese acetylene based PVC at $850/ton CIF stated, “We believe that major regional producers have delayed their price announcements due to the recent volatility in crude oil prices. We expect new prices from regional majors to be announced at around $940/ton.”
A converter manufacturing pipes and fittings predicted that regional majors would announce April prices at around $960-970/ton CIF. “We feel that sellers will not offer above this level as they do not want to leave room for Chinese acetylene based producers to compete. Local supply is tight, but we think that availability will improve later this month as some previously purchased import cargoes are said to be due to arrive at the ports,” the buyer reported.
Import PVC prices currently stand at $930-960/ton CIF India, cash equivalent basis while offers for Chinese acetylene based PVC stand at $850-860/ton with the same terms.
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