Asian manufacturer June PVC prices China
Asian manufacturer June PVC
A major Asian manufacturer raised June PVC prices for China at USD40 per ton
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.
Author: Margarita Volkova