Thailand maker cut PVC offers to Malaysia

It is reported that a Thailand producer has announced new PVC offers to Malaysia with $60-70/ton reduction month on month, following the trend pioneered by a major Taiwanese maker. Latest offers stand at $900/ton CIF Malaysia, LC AS term.

Malaysian buyers are taking wait and see stance claiming that the downtrend might persist in the near term. “We hope to obtain additional discount on deals to make replenishment. Demand for our end product is regular, however with weakened buying interest in China and India, the pressure on Southeast Asia is tremendous,” a compounder commented.