Petrotahlil -Iran PVC market didn't experience particular changes by the beginning of new week and still had similar process.
According to Petrotahlil, although in the past two weeks volume of sales of pvc producers has grown in IME, affected by some points, but according to traders domestic market of PVC continues to stagnate. PVC approach to the minimum, dollar increase in Nima system and changing PVC grade 65 production line in BIPC,also PVC producers discount for high purchase volume are the reasons which encouraged buyers to purchase PVC.
Of Course in Iran market PVC price suggested around 81,000 IRR/Kg and Indian market has also been strengthened.
PVC price in CIS rose slightly to 885 USD/ton.
Also in South east asia and Indian PVC price are reported at 895 USD and 900 USD/ton respectively.
How ever, due to increased shipping cost of containers and shipping insurance, most of exporting pvc sales are negotiating and it seems pvc producers are more concentrated on Iraq market, CIS and Azerbaijan.
Mean While, yesterday, pvc producers shipments was bargained with a little competition.
The price range was 68,560 IRR for grade 65 and market price was around 81,000 IRR.
Stock price difference is around 3,000 IRR which looks reasonable.