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Traders: Indian producer issues increase on local PVC prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 11/02/2015 (13:03)
Traders in India reported that a domestic producer has implemented an increase of INR2000/ton ($32/ton) on their local PVC prices. The producer’s PVC prices now stand at INR63000/ton ($1020/ton) ex-warehouse India, cash.

A trader stated that they are expecting to see firmer prices in the near term due to some scheduled shutdowns in Japan. A second trader stated, “The producer raised their domestic offers as local supplies are quite tight, which has lead to the reappearance of acetylene based PVC cargoes. We expect a major Taiwanese producer to issue further increases on their next announcement as demand in India is picking up at a fast pace.”
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