PVC remains stable to higher in China on firm demand.
• Suppliers follow Taiwanese major’s Sept hike
• Tight regional supplies remain supportive
• PVC futures up CNY25 since early week
• Upcoming Golden Week may limit uptrend
• Import ($/ton): 830-920 CIF
Tightness keeps PVC firm in India, SE Asia.
• Import K67 prices stable to $10 firmer
• India’s demand continues to pick up despite monsoon
• Buyers accepted September hikes
• Vietnamese producer lifts local offers
• Far East Asian K67 ($/ton): 900-960 CIF India | 870-910 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
PVC sees only minor changes from pre-Eid in Turkey.
• Most players are yet to be back from holiday
• Market faces a lack of fresh price indications
• Locally-held PVC on stable to soft path
• Taiwanese PVC for Sept revealed up to Asia
• Summer lull pervades Europe, eyes on costs
• Europe k67 ($/ton): 855-860 CIF
• US k67 ($/ton): 830-840 CIF
• Local k67 ($/ton): 1050-1070 inc VAT
Egypt’s local PVC producers unveil softer H2 Aug offers.
• Import offers unchanged on flat costs
• EPC and TCI Sanmar slash offers by EGP300/ton
• Distribution market levels steady amid muted activities
• Players still in festive mood
• Import PVC ($/ton): 830-860 CIF
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