News Code : 43252

Petrotahlil:

China PVC prices stable to higher as market digests recent hikes. 

• Upside bias for prices

• Taiwanese producer ups Sept offers by $30/ton

• Little industrial impact from typhoon

• Postponed tariffs support sentiment

• Import ($/ton): 830-890 CIF

 

Asian PVC suppliers follow Taiwanese major’s Sept hike in India, SEA. 

• Major producer pioneers $30 increase

• Korean PVC maker also lifts Sept offers to India

• Tighter supplies blamed for price hikes

• Demand from SE Asia disappoints sellers

• Spot ethylene market keeps rising

• Far East Asian K67 ($/ton): 900-950 CIF India | 870-900 CIF SEA

 

PVC opens August on a stable to firmer note in Italy. 

• Aug C2 settled with an increase of €10

• Initial PVC offers emerge slightly higher

• A few buyers already closed Aug deals with rollovers

• Demand is subdued on summer period

• Local PVC (€/ton): k67 825-910 | k70 860-940 FD

 

Sellers’ initial Aug offers defy expectations in Europe’s PVC market. 

• Sellers announce €5 higher offers for Aug

• August ethylene contract settled firmer

• Buyers will push for rollovers in Aug deals

• Buying sentiment is still calm

• Local PVC k 67-68 (€/ton): spot 815-900 | GA net 825-990

 

Holiday lull dominates Turkey’s PVC market. 

• US PVC mostly unchanged on week

• Higher C2 in Europe fails to improve sentiment

• No fresh offers heard from Europe

• Overall demand remains stagnant

• Eyes on Taiwanese major’s Sept announcement

• Europe k67 ($/ton): 860-870 CIF

• US k67 ($/ton): 830-840 CIF

• Local k67 ($/ton): 1050-1100 inc VAT

 

Egypt’s local PVC producers announce H1 Aug offers with rollovers. 

• Import offers steady on lower costs

• Local offers also unchanged on quiet activities

• Both EPC and TCI Sanmar keep offers flat

• Approaching Eid weighs on sentiment

• H2 August offers awaited stable to softer

• Import PVC ($/ton): 840-870 CIF

 

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