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Uptrend persists in China’s PVC market

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/08/2017 (12:31)
Several PVC producers continue to raise their offers to China this week on the back of low supplies particularly for acetylene based PVC, firmer upstream costs, shutdowns, the ongoing environmental inspections as well as better buying activities.

A Chinese producer applied a CNY200/ton ($30/ton) increase on its local offers at CNY7400/ton on an ex-warehouse China, cash including VAT basis ($941/ton without VAT).

“PVC producers conducted very good sales to the local market as buyers preferred to make purchases in anticipation of higher price levels. As a result of this, PVC inventories moved lower while prices gained further ground. Although we received a good number of inquiries from the export market, we prefer to reserve more allocation to the local market given better profit,” a source from the producer commented.

A second Chinese producer also raised its local PVC prices by CNY200/ton ($30/ton) to CNY7550/ton on an ex-warehouse China, cash including VAT basis ($960/ton without VAT)while their export offers increased by $30/ton to $910/ton FOB China, cash basis.

A Taiwanese producer also raised its August offers to China’s import market by $20/ton to $910/ton CIF, cash basis.
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