Asian manufacturer June PVC prices China

Asian manufacturer June PVC

A major Asian manufacturer raised June PVC prices for China at USD40 per ton

Asian manufacturer June PVC

MOSCOW – A major producer of petrochemical products in Northeast Asia (NEA) has increased its price offerings for polyvinyl chloride (PVC) for supplies to the Chinese market in June by USD40 per tonne compared to April, market sources told ICIS .

Thus, the company’s June price offers for China were announced at the level of USD700 per tonne, CFR China, with a discount of USD10 per tonne for material volumes from 500 tons, market sources said.  Asian manufacturer June PVC

For the markets of Southeast (Southeast Asia) and Northeast Asia (NEA), as well as for other regions, the company called the June PVC price offers at USD670 per tonne, FOB NEA / Southeast Asia / other regions. The above discount also applies.

Market sentiment is supported by steady demand from China, as well as easing restrictive measures in India.

According to the ICIS-MRC Price Review , negotiations began last week regarding the June level of prices for Russian PVC for supplies to the domestic market. Domestic manufacturers expectedly announced plans to achieve higher prices, while at the same time, in most cases, they were talking about minimal price increases.

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Author: Margarita Volkova

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Petrochemicals Enzymes Automotive News 03-06-2020

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-A major Asian manufacturer raised June PVC prices for China at USD40 per ton

A major producer of petrochemical products in Northeast Asia (NEA) has increased its price offerings for polyvinyl chloride (PVC) for supplies to the Chinese market in June by USD40 per tonne compared to April, market sources told ICIS .

Thus, the company’s June price offers for China were announced at the level of USD700 per tonne, CFR China, with a discount of USD10 per tonne for material volumes from 500 tons, market sources said.

For the markets of Southeast (Southeast Asia) and Northeast Asia (NEA), as well as for other regions, the company called the June PVC price offers at USD670 per tonne, FOB NEA / Southeast Asia / other regions. The above discount also applies.

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It is also a manufacturing sector that has been experiencing major growth, a trajectory curve that is set to continue in the short and medium-term.

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“In this perspective, ARPA is completing a relationship,” with the necessary scientific-operational indications, preparatory to the adoption of the plan, which will be ready in a few days “.

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An agreement between a buyer and seller emerged at the end of last week, shortly after the ethylene contract price was fully confirmed at a €60/tonne from May.

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A minimum 2+2 producer-consumer configuration is required to consider the MEG contract agreements fully confirmed.

A second buyer and seller confirmed the settlement to ICIS on Tuesday.

This is the first increase seen in the MEG contract market in 2020.

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“Economies [Asian] that were in stringent lockdowns in April are witnessing higher activity in May, but the pace of their recoveries is more gradual than China’s V-shaped pickup in March,” Japan’s Nomura Global Markets Research said. Petrochemicals Enzymes Automotive News

Malaysia, the Philippines and Thailand – which were under stringent lockdowns in April – showed improvement in their purchasing managers’ index (PMI) numbers in May but remained below 50, indicating continued contraction.

On average, the PMIs for the three countries improved to 42.5 in May from 33.2 in April.

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Two proposals under consideration would see the deeper cuts continue beyond into July and/or August.Petrochemicals Enzymes Automotive News

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Failed at the end of last year, Bio-on owns a demonstration plant in Castel San Pietro Terme (BO) for the production of PHA-based bioplastics, which has never come into operation. The company ended in a storm in July last year following the publication of a report by the US investment fund Quintessential Capital Management (QCM). At the end of investigations, the founder and CEO of the company, Marco Astorri, had been subjected to house arrest, then dismissed (read article), on charges of False social communications and market manipulation. Petrochemicals Enzymes Automotive News

In the autumn, announcement for the sale of Bio-on

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APR launches Demand Champs for governments

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Coca-Cola’s Dasani water brand has some pretty impressive sustainability cred: Since 2011, the PET bottle has been made from up to 30% plant-based bioplastic. Even with this technology, the bottle is still fully recyclable—a very important factor for Coca-Cola when it began incorporating the bio-based resin.

Monolayer Label Shrinks Dasani’s Footprint

Petrochemicals Enzymes Automotive News

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