Indonesian producer cuts Oct PVC prices to SEA
Sept. 26, 2018
A source from an Indonesian producer reported that they have revealed their October PVC prices to Southeast Asia with visible decreases of $80-90/ton from September, adopting a similar pricing policy with a major Taiwanese producer.
The source reported that the producer’s new PVC k67 offers stand at $870/ton CIF SEA, cash and also noted that they have already concluded deals in Malaysia and Vietnam at the same levels.
“Our October allocation is quite limited. Chinese PVC producers seem unwilling to sell while US cargoes are no longer offering a competitive edge,” he added.
The major Taiwanese producer approached China and India with respective decreases of $90/ton and $50/ton for October earlier in the week.