News Code : 43000

PVC sentiment remains firm in India, SEA on supply woes

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

Send Comment