The leading Indonesian PVC producer shared with SSESSMENTS.COM done deals for December shipment to Southeast Asia and Australia market. The producer explained that the done deals achieved for December shipment were depending on the number of purchases and the application. For soft applications, deals were concluded between $850-855/ton to the Malaysia market. For big volume and regular customers in Malaysia, the cargoes sold at $830/ton while for small customers in Malaysia and Singapore the done deals were achieved at $845/ton. All on LC at sight, CIF Main Port basis. To Australia, the offers were $20-30/ton higher compared to the offers to Southeast Asia as the freight cost is also higher.
The producer stated to SSESSMENTS.COM that the demand in Southeast Asia is generally slow, except in Vietnam as the company noted some improvement. For the Australia market, the demand is traditionally softening approaching the year-end as buyers prefer to keep lean inventory during this particular time. Likewise, demand in Indonesia is also softening nearing the end of the year as several government projects will be finished soon.
