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PVC prices slip in Asia

Petrochemical industry | 20 Apr 2022 15:45 IST | Polymerupdate.com

This week, PVC prices dropped in Asia. The price fall was on the back of lower import offers from overseas suppliers coupled with continued lacklustre buying trends in the region.

Weaker upstream ethylene values further supported the price drop.

In China, PVC prices were assessed at the USD 1340-1370/mt CFR levels, a fall of USD (-20/mt) from the previous week.

In China, a Taiwanese producer has offered its PVC resin suspension grade at the USD 1340/mt levels for shipment in May 2022.

In South East Asia, PVC prices were assessed at the USD 1380-1440/mt CFR levels, a week on week decrease of USD (-20/mt).

In Vietnam, a South Asian producer has offered its PVC resin suspension grade in the range of USD 1380-1440/mt levels for shipment in May 2022.

In India, PVC prices were assessed at the USD 1500-1570/mt CFR levels, a sharp fall of USD (-40/mt) from the previous week. Buying trends were reported to be soft in the open markets of India.

In India, domestic producers have reduced their PVC resin suspension grade prices by Rs.6/kg basic, with effect from April 19, 2022.

A Japanese producer has offered its PVC resin suspension grade in India at the USD 1720/mt levels for shipment in May 2022. This offer does not attract any customs import duty in India.

A producer from China has offered its PVC resin suspension grade in India at the USD 1500/mt levels for shipment in May 2022. A Taiwanese producer has offered its PVC resin suspension grade at the USD 1570/mt levels for shipment in May 2022. A South Korean producer has offered its PVC resin suspension grade at the USD 1560-1590/mt levels for shipment in May 2022.

In Sri Lanka, PVC prices were assessed at the USD 1620-1680/mt CFR levels, down USD (-20/mt) from last week.

In Bangladesh, PVC prices were assessed at the USD 1620-1670/mt CFR levels, a week on week fall of USD (-30/mt).

In Bangladesh, a Taiwanese producer has offered its PVC resin suspension grade at the USD 1620/mt levels for shipment in May 2022.

In Pakistan, PVC prices were assessed at the USD 1580-1670/mt CFR levels, a fall of USD (-20/mt) from the previous week.

In Pakistan, a producer from Indonesia has offered its PVC resin suspension grade at the USD 1670/mt levels for shipment in May 2022.

Feedstock ethylene prices on Tuesday were assessed at the USD 1305-1315/mt CFR North East Asia levels, a steep week on week drop of USD (-45/mt). CFR South East Asia ethylene prices were assessed at the USD 1355-1365/mt levels, a sharp fall of USD (-35/mt) from the previous week.

Feedstock EDC prices were assessed at the USD 695-705/mt CFR China levels while CFR South East Asia EDC prices were assessed at the USD 695-705/mt levels, both unchanged week on week. CFR China VCM prices were assessed stable at the USD 1285-1295/mt levels while CFR South East Asia VCM prices were also assessed steady at the USD 1320-1330/mt levels.
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