A global trading house revealed to SSESSMENTS.COM that the company attempted to adjust import PVC offers of U.S origin to the Bangladesh market amidst the supply issue. As explained by the trader, most sellers in Bangladesh are trying to increase PVC offers on the back of tight supply in the market. From the trader’s end, Taiwanese ethylene-based PVC offers remained stable from last week, available at $895/ton on LC at sight, CIF Chittagong port. While for US cargoes, on July 26, the deals for US ethylene-based PVC cargoes to the Bangladesh market achieved at $870/ton on the same payment and delivery term. Coming to July 28, the trader attempted to move up PVC offers of the same origin by $20/ton compared to the previous done deals’ level. So far, no deals were concluded yet at this level.
Considering the longer lead time since the shipment for these cargoes will be directly from the US, the trader predicted that buyers would show resistance towards the offers. Moreover, Taiwanese cargoes deemed more preferable as the cargoes have a shorter lead time with a slight price gap of $5/ton, as stated to SSESSMENTS.COM.
