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NewsSSESSMENTS: Spot PVC Price In Local China Market Broke A New Threshold Level

Author: SSESSMENTS

Market sources contacted by SSESSMENTS.COM informed that acetylene-based PVC prices in the local China market have broken a new threshold level. The latest offers reported below CNY5,000/ton ($623/ton) level, standing at CNY4,900/ton ($611/ton) on cash, EXW China basis and including 13% VAT).

Last week, acetylene-based PVC offers were between CNY5,520-6,100/ton ($688-761/ton). However, in the week commencing March 30, the range of offers for acetylene-based PVC is lowered, between CNY4,900-5,500/ton ($611-686/ton). In the futures market, May 2020 PVC future prices on the Dalian Commodity Exchange have fallen CNY1,125/ton ($140/ton).

Local acetylene-based PVC offers between March 23-27 on cash, EXW China basis and including 13% VAT (equivalent in USD excluding VAT)

OriginTransaction TypeOffers (CNY/ton)Equivalent in USD/ton
ChinaOffer Given5,520-6,100688-761

Local acetylene-based PVC offers between March 30 to April 1 on cash, EXW China basis and including 13% VAT (equivalent in USD excluding VAT)

OriginTransaction TypeOffers (CNY/ton)Equivalent in USD/ton
ChinaOffer Given4,900-5,500611-686

May 2020 Futures Price on Dalian Commodity Exchange (DCE) for March 2020

DateMay 2020 PVC Futures Settlement
2-Mar-20206,265
3-Mar-20206,285
4-Mar-20206,260
5-Mar-20206,250
6-Mar-20206,230
9-Mar-20206,050
10-Mar-20206,155
11-Mar-20206,215
12-Mar-20206,205
13-Mar-20206,200
16-Mar-20206,225
17-Mar-20206,180
18-Mar-20206,115
19-Mar-20205,940
20-Mar-20205,965
23-Mar-20205,805
24-Mar-20205,630
25-Mar-20205,600
26-Mar-20205,510
27-Mar-20205,380
30-Mar-20205,165
31-Mar-20205,140

Tags: Asia Pacific,China,English,NEA,News,PVC

Published on April 1, 2020 12:08 PM (GMT+8)
Last Updated on April 29, 2020 11:23 AM (GMT+8)