A trader reported to SSESSMENTS.COM that the offers for import South Korean PVC cargoes to China market continue to rally. In comparison to a week earlier, May shipment offers for ethylene-based PVC cargoes from a South Korean producer were adjusted higher by another $50/ton, bringing the cumulative increases to $100/ton in less than a week. The trader stated that the increases are supported by the limited supply as well as a positive pricing outlook in the international market. However, there is no deal concluded yet at the time of the publication.
Previously on May 7, the offers also went up by $50/ton on a weekly comparison citing the limited supply from the producer’s end and firmer China’s PVC futures market. SSESSMENTS.COM was told that deals were concluded a day after at $670/ton on LC at sight, CIF China Main Port basis, or $10/ton lower from the initial offer level. Further added, in case any unforeseen circumstances arise, the last shipping date is before June 10, 2020.
Click below to view related stories and content on China PVC:
NewsSSESSMENTS: South Korean PVC Cargoes Sold To China Market A Day After Hefty Adjustment
