This week, PVC prices slipped across the Asian region.
An industry source in Asia wishing to remain unidentified informed a Polymerupdate team member, "Prices were under pressure due to a combination of bearish factors, including lower offers from major overseas suppliers, and a weak market sentiment coupled with ample product availability. Meanwhile, soft demand fundamentals further weighed on prices."
In China, PVC prices were assessed at the USD 740-760/mt CFR levels, a fall of USD (-10/mt) from last week.
In China, a major Taiwanese producer has offered its PVC resin suspension grade at the USD 745/mt levels for shipment in end January/early February 2024.
In Southeast Asia, PVC prices were assessed at the USD 740-770/mt CFR levels, a week on week drop of USD (-20/mt).
In Southeast Asia, a Taiwanese producer has offered its PVC resin suspension grade at the USD 740/mt levels for shipment in end January/early February 2024.
In India, PVC prices were assessed at the USD 760-780/mt CFR levels, sharply lower by USD (-30/-40/mt) from the previous week.
A domestic industry source informed a Polymerupdate team member, “In India, a major Taiwanese producer has offered its PVC resin suspension grade at the USD 770/mt levels on CIF Nhava Sheva/Chennai/Pipavav/Mundra ports basis, for shipment in end January/early February 2024 (LC at Sight). Meanwhile, a producer from South Korea has offered its PVC resin suspension grade at the USD 770/mt levels for shipment in January 2024.”
In Pakistan, PVC prices were assessed at the USD 780-830/mt CFR levels, down USD (-10/-20/mt) week on week.
In Pakistan, overseas producers have offered their PVC resin suspension grades in the range of USD 780-830/mt levels for shipment in January 2024.
In Sri Lanka, PVC prices were assessed at the USD 770-790/mt CFR levels, a decline of USD (-10/mt) from last week.
In Sri Lanka, overseas producers have offered their PVC resin suspension grades in the range of USD 770-790/mt levels for shipment in January 2024.
In Bangladesh, PVC prices were assessed at the USD 760-780/mt CFR levels, a week on week decrease of USD (-10/-20/mt).
In Bangladesh, overseas producers have offered their PVC resin suspension grades in the range of USD 760-780/mt levels for shipment in January 2024.
Feedstock EDC prices were assessed at the USD 325-335/mt CFR China, an increase of USD (+10/mt) from the previous week. CFR South East Asia EDC prices were assessed week on week flat at the USD 345-355/mt levels.
CFR South East Asia VCM prices were assessed at the USD 620-630/mt levels, while CFR China VCM prices were assessed at the USD 645-655/mt levels, both rolled over from last week.
Feedstock ethylene prices on Tuesday were assessed stable at the USD 845-885/mt CFR South East Asia levels. Meanwhile, CFR North East Asia ethylene prices were assessed at the USD 860-870/mt levels, a week on week gain of USD (+15/mt).
In plant news, Suzhou Huasu has shut its Polyvinyl chloride (PVC) unit for maintenance in mid-December 2023. The unit is expected to remain offline until end December 2023. Located in China, the ethylene-based PVC unit has a production capacity of 130,000 mt/year.
In other plant news, Ningbo Hanwha is likely to restart its Polyvinyl chloride (PVC) plant by end December 2023. The plant was shut for maintenance in early December 2023. Located in China, the ethylene-based PVC plant has a production capacity of 400,000 mt/year.
