A trader notified that South Korean PVC cargoes were successfully sold to China market despite the hefty adjustment. On May 7, SSESSMENTS.COM received information that May shipment offers from a South Korean PVC producer adjusted by $50/ton higher compared to a week earlier on the back of limited availability from the producer’s end, increases in China’s PVC futures market, and expectation that the demand will start to pick up around May and June.
Following the upward adjustment, the trader stated to SSESSMENTS.COM that the company managed to sell some cargoes at $670/ton on LC at sight, CIF China Main Port basis, which is at $10/ton lower than the initial offer level announced for this week.
Click below to view related stories and content on China PVC:
