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As a major Taiwanese producer slashed May delivery offers for PVC to regional market by $80/ton month on month basis, response from Indian buyers is rather positive. It is reported that the maker has completely sold out the initial allocation to India market and players are expecting additional quantity might become available later.

A trader commented, “We heard the initial allocation to India market this month is about 22,000 tons. We are requesting for additional quantity since buyers are very active this month.” The source added that the supplier might lift the allocation to about 30,000-33,000 tons within this week.

A pipe converter has also requested for additional quantity from the maker said, “We need to balance up the overall costs as previous purchases were at the high side. Demand for our end product is just steady, which is rather disappointed at the time market should be at the peak.”