AlwaysFree: Import PVC Offers CIF India Breaks Below $1,000

Import polyvinyl chloride (PVC) offers on LC at sight, CIF India Main Port basis

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NewsSSESSMENTS: Chinese Polyvinyl Chloride (PVC) Cargoes CIF India At Three Digit Levels 

QuickTake on India's PVC market this week:

• The leading Indian PVC producer applied a notable correction on local offers with effect from July 13
• Indian rupee plunged to historic lows against the US dollar, expected to breach 80 per US dollar 
• Offers for localized Chinese cargoes expected to reach mid INR80,000/ton ($1,001/ton)
• Price gap between localized Chinese cargoes and other origins widen
• Japanese, Thai PVC cargoes below $1,100/ton

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