PVC sentiment remains firm in India, SEA on supply woes
PVC sentiment remains firm in India, SEA on supply woes
• Import PVC prices stable to $15 higher on week
• Rainy season approaches in India, Vietnam
• Holiday lull in Indonesia, Malaysia
• Tightness keeps market on firm side
• Players expect slightly higher July offers
• Far East Asian K67 ($/ton): 875-900 CIF India | 860-910 CIF SEA
Suppliers maintain firm stance on import PVC prices to China
• Sentiment for import PVC supported by tightness
• Trading for import PVC thin prior to July pricing
• Players expect slight increases on new offers
• Local PVC starts June on a stable to soft tone
• PVC futures plunge CNY240 on week
• Import k67 ($/ton): 830-860 CIF
PVC sellers approach the market with rollovers to small increases in Europe
• June C2 settled stable
• Initial June offers emerge with rollovers to slight hikes
• Buyers reluctant to purchase at firmer prices
• Players hope to see better demand given the high season
• Local PVC k 67-68 (€/ton): spot 850-955 | GA net 860-1015
Italy’s initial PVC offers are stable to slightly firmer for June
• June ethylene contract closed with rollovers
• PVC sellers started to reveal their June offers
• Stable to firmer prices surface the market
• Overall PVC supply is sufficient
• Local PVC (€/ton): k67 880-960| k70 900-990 FD
Egypt’s import PVC market still firm, local prices hold steady
• Import PVC market up slightly by $5-10
• Distribution market remains steady
• Players start leaving their desk for Eid holiday
• Tight liquidity keep purchases limited
• Import PVC ($/ton): 840-880 CIF
Sentiment for PVC firms on sellers’ side in Turkey
• European major seeks surprising June hikes
• US PVC posts notable increases as expected
• Braskem’s outage props up sentiment
• Buyers see smaller hikes more digestible
• Europe k67 ($/ton): 930-950 CIF
• US k67 ($/ton): 865-875 CIF
• Local k67 ($/ton): 1130-1160 inc VAT