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Traders: Taiwanese producer implements third PVC decrease for Dec to India

by ChemOrbis Editorial Team -
  • 28/11/2014 (09:24)
According to traders, a Taiwanese producer has announced a third decrease on their December PVC prices to India. The producer lowered their prices by another $35/ton to $905/ton CIF India, cash, brining their cumulative decrease amount to $55/ton from their initial December levels and $105/ton from their most recent November prices.

“We believe that the producer will struggle to sell even after their most recent price decrease,” a converter commented. A trader added, “We received a third December decrease from a Taiwanese major due to declining upstream costs and disappointing demand. We believe that a domestic producer will also implement a price reduction in the coming week.” Players are predicting decreases of INR2000-3000/ton ($32-48/ton) from a domestic producer at the start of December.

Import PVC prices to India currently stand at $905-940/ton CIF, cash equivalent basis for Asian origins.
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