Domestic PVC prices in Indonesia march lower

Indonesian player reported that major local makers has announced new PVC prices with $50/ton reduction from last month, following the general weak trend in the international ground. Buying interest, yet remain weak as buyers see little improvement in end product businesses.

A trader offered the cargoes at $1000/ton FD Indonesia, cash term informed, “Trading activities are not very strong but we remain hopeful that demand condition would improve in the near term as government announce budget 2017 and speed up project spending.”

Domestic PVC prices in Indonesia at the moment stand at $950-1000/ton without VAT, FD Indonesia, cash term.