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US PVC for Nov sold lower to China

by ChemOrbis Editorial Team -
  • 23/10/2014 (09:26)
A trader reported that they have concluded some November shipment deals for American PVC at $950/ton CFR China, cash, $40/ton below the October done deal level for this origin and $20-30/ton below the trader’s initial offer for American cargoes.

“We managed to sell out our allocation for November at $950/ton, but we have heard that some other traders had to agree to steeper discounts in order to conclude deals. Demand is not very encouraging these days and we feel that there is a possibility that Asian producers might also agree to further reductions on their November prices,” the trader commented.

November offers for Asian origins currently stand $1000/ton CFR China, cash, $10-20/ton below the October done deal level.
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