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Indonesian producer maintain local PVC offers despite softened import marketIndonesian producer maintain local PVC offers despite softened import market |
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A major local PVC producer in Indonesia has maintained PVC offers to local buyers this week despite softening import market at the background. Depending on the quantity, the maker’s latest price list stands at $990-1050/ton, FD Indonesia, excluding VAT term.
There has been market talk that the producer is operating the plant at lower rate at the moment, however, source close to the marker did not make any comment on this issue. The source added, “Demand in local Indonesia has not improve over the past quarter, however, we hope that buying interest could pick up soon as government announces projects.”
Buyers are on the other hand, taking very cautious stance claiming that weak restocking activities in India could affect the general sentiment in Southeast Asia. A buyer added, “It is the fasting month and the start of monsoon season in May, therefore we are not very optimistic about the outlook. At the meantime, we prefer to monitor further movement in India to gauge the likely market direction in the coming month.”