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Vietnamese PVC producer reveals June prices to local market

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/05/2017 (12:27)
A source from a Vietnamese producer announced its June PVC prices to its local market with rollovers from May at VND 22,500,000/ton ($914/ton) on an ex-warehouse Vietnam, cash basis. The producer’s new offers came in line with the Taiwanese major’s rollover decision for June.

A source from the producer commented, “Demand in the local market is weakening as the rainy season has already started. We think the construction sector will be calm for the next two months and pipe manufacturers will compete aggressively in order to sell materials during the low season. Although a lot of acetylene-based PVC materials were directed to the Vietnamese market for the past two months, the amount has lessen recently as sellers can achieve better netbacks in China nowadays. We believe that the month of Ramadan along with the rainy season will weigh down on the market in India and Southeast Asia and therefore, China will gain more prominence in terms of determining the price direction for next month.”
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