A global trading house has proceeded with price adjustments for Taiwanese PVC cargoes to the Bangladesh market as steered by the supply condition. Last week, SSESSMENTS.COM was told that the trader managed to sell as much as 1,900 tons of ethylene-based PVC cargoes of Taiwan origin to the Bangladesh market at $820-825/ton-level. Approaching this week, the trader decided to raise their offers for the Taiwanese PVC cargoes between $20-25/ton on a weekly comparison as supported by supply shortage on the trader’s end. Despite the limited supply, buyers remain muted upon hearing the new offers as some of them already secured some big volume last week. Hence, buyers have no urge to secure more volume this week.
Demand-wise, no significant improvement observed in PVC end-products sales since the impact of Coronavirus outbreak is still looming over the market. Looking into July, the rainy season will be kicking-in in the country and based on the traditional pattern, demand for PVC end-products will be in low season. As it is still at the beginning of the week, the trader has yet to receive any fresh offers from PVC suppliers. Further added to SSESSMENTS.COM, in August, the trader will announce new offers in the first week of the month.
