Indian producer lifted local PVC offers for the second time in December

A major Indian producer has introduced additional price increment on PVC cargoes to local buyers, just less than two weeks after the first hike was implemented. Latest offers stand at IDN1000/ton ($16/ton) higher thanks to improved demand condition in the country.

Market remains active after the hike and players are putting heavy bet of bullish outlook in the coming month. “Market is entering the traditional high demand season and we are optimistic that demand would continue to recover. The holidays seasons have brought some surprisingly pleasant developments,” a trader said.