This week, PVC Suspension grade prices in Asia moved higher, with firmer import offers from a Taiwanese producer and rising energy prices providing stronger cost support, while weak downstream demand and cautious buying interest limited the extent of the gains.
An industry source in Asia, on condition of anonymity, informed a Polymerupdate team member, "Higher import offers from a Taiwanese producer, coupled with firmer EDC and VCM feedstock values, supported the rise in PVC Suspension grade prices across Asia. Rising crude oil values, amid concerns over potential supply disruptions following the deadlock in US-Iran negotiations, may have further strengthened cost sentiment, while higher PVC futures on the Dalian Commodity Exchange (DCE) provided additional support. However, subdued downstream demand and cautious buying interest kept market participants restrained, limiting the extent of the price recovery."
In Far East Asia, PVC Suspension grade prices were assessed at USD 760 to 830/mt CFR levels, moving higher, USD (NC/+20/mt) week on week. A Taiwanese producer offered its PVC resin Suspension grade material at USD 830/mt levels.
In Southeast Asia, PVC Suspension grade prices were assessed at USD 760 to 860/mt CFR levels, gaining, USD (+20/+60/mt) compared to the prior week. A Taiwanese producer offered its PVC resin Suspension grade material at USD 860/mt levels.
In India, PVC Suspension grade prices were assessed at USD 830 to 880/mt CFR levels, edging higher, USD (NC/+20/mt) from the previous week. PVC resin Suspension grade material was offered by a major Taiwanese producer at USD 880/mt levels.
In Pakistan, PVC Suspension grade prices were assessed at USD 800 to 860/mt CFR levels, firming, USD (+40/+50/mt) week on week. An Indonesian producer offered its PVC resin Suspension grade material at USD 860/mt levels.
In Sri Lanka, PVC Suspension grade prices were assessed at USD 820 to 850/mt CFR levels, rising, USD (+10/mt) from last week. An overseas supplier offered PVC resin Suspension grade material at USD 850/mt levels.
In Bangladesh, PVC Suspension grade prices were assessed at USD 810 to 850/mt CFR levels, rolled over from the previous week. A Taiwanese producer offered PVC resin Suspension grade material at USD 850/mt levels.
Ethylene feedstock prices were assessed at USD 985 to 995/mt CFR Northeast Asia levels, easing, USD (-10/mt) from last week. Meanwhile, CFR Southeast Asia prices were assessed at USD 945 to 955/mt levels, unchanged from the previous week.
CFR Far East Asia EDC prices were assessed at USD 305 to 315/mt levels, rising, USD (+5/mt) week on week. CFR Southeast Asia EDC prices were assessed at USD 310 to 320/mt levels, moving higher, USD (+5/mt) compared to the prior week.
CFR Far East Asia VCM prices were assessed at USD 560 to 570/mt levels, firming, USD (+5/mt) week on week. CFR Southeast Asia VCM prices were assessed at USD 600 to 610/mt levels, edging higher, USD (+5/mt) from last week.
This news synopsis and insights are generated using Polymerupdate’s advanced Artificial Intelligence (AI) systems, leveraging proprietary data, pricing benchmarks, and domain expertise. The content is intended for informational purposes only and does not represent the official views of Polymerupdate. Users are advised to conduct their own independent research before making any commercial or business decisions.
