Taiwanese major lifted April PVC offers to Asia

It is reported that a major Taiwanese producer has announced fresh PVC offers for April shipment to major Asian markets with $10/ton increased from last month, defying market’s changing expectation for a decrease.

Latest price list stands at $1030-1040/ton to India and at $980-990/ton to China and Southeast Asia, all based on CIF/CFR, LC AS term. Export offers stand at $940-950/ton FOB Taiwan, LC AS term.

Export allocation from the producer is regular this month, which sources reported at approximate 68,000 tons. “And yet, acceptance towards the latest price list is rather dull,” an Indian trader informed. Other Indian buyers are expressing expectation for a downward adjustment in the coming days.

A Vietnamese converter confirmed receiving $10/ton hike month on month added, “Availability is rather comfortable while demand is not as strong as it was expected. We are not making any major decision, for now, hoping to see some discounts to emerge in the coming days.”