Thai producer follows Taiwanese major’s cut for PVC

A trader operating in Malaysia reported that a Thai producer revised its PVC offers down to the country right after the Taiwanese major’s decision about revising its April prices from their initial announcement.

The Taiwanese major, who announced a $20/ton of increase on their April offers to India, China and Southeast Asia at the start of this week, has stepped back on its initial offers by $20/ton and adjusted its current prices for k67-68 to $1010/ton CIF India, cash and to $950/ton CIF China/CIF SEA, cash.

According to the trader, a Thai producer also followed suit and lowered its offers to Malaysia by the same amount to $940/ton CIF Malaysia, cash basis.