PVC Weekly highlights, Aug 21.

Petrotahlil :

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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Source:Chemorbis

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