PVC Weekly highlights, Aug 1.

Petrotahlil :

China PVC prices mostly stable on tight supply. 

• Producers don’t have surplus volumes 

• PVC futures down CNY85 on week 

• Market sentiment lacks fresh positives

• Import ($/ton): 830-870 CIF

Local PVC markets in SEA follow imports lower. 

• Import trading limited after Aug deals 

• Vietnamese producer cuts local prices from July 

• Indonesia’s local market down $30 

• India’s import PVC market stable on week 

• Tightness helps Japanese suppliers stand firm on PVC

• Far East Asian K67 ($/ton): 870-920 CIF India | 850-890 CIF SEA

Voices for a stable to softer PVC trend gain prominence for Aug in Italy. 

• July PVC deals wrapped up with softer price 

• Approaching summer lull weighs on buying sentiment 

• Players waiting for C2 contract settlement 

• August PVC awaited stable to slightly softer

• Local PVC (€/ton): k67 820-910 | k70 860-940 FD

Players discuss August PVC outlook ahead of the C2 settlement in Europe. 

• July PVC business concluded with €30-40 drops 

• Eyes on C2 outcome, divergent expectations among players 

• Demand unspectacular, supply is still sufficient 

• PVC outlook: stable to softer prices awaited for August

• Local PVC k 67-68 (€/ton): spot 815-900 | GA net 820-985

Turkey’s PVC imports mark lowest H1 volume in a decade. 

• US PVC down further by $20-30 on week

• Players: Duty-free k67 dealt close to $850 in few cases 

• Impact of CB’s rate cut on demand to be eyed 

• June imports sink more than 30% on month, year

• Europe k67 ($/ton): 860-870 CIF 

• US k67 ($/ton): 815-840 CIF 

• Local k67 ($/ton): 1050-1100 inc VAT

Egypt's import PVC market declines on volatile costs. 

• Import offers down by $10 

• Local offers unchanged 

• Volatile costs blamed for recent drops 

• Demand remains unresponsive, supplies remain ample

• Import PVC ($/ton): 840-870 CIF

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