A Taiwanese PVC producer proceeds with further price adjustments for August shipment considering market’s feedback. A market source contacted by SSESSMENTS.COM informed that a Taiwanese PVC producer managed to sell a considerable amount of cargoes to the India and remote market last week. As noted, deals were mostly concluded at $10/ton lower than the initial offer levels as the discount was applied.
Taking into account the positive feedback received last week and to cool down orders amid low inventory, the producer decided to raise this week’s offers by $25/ton to the China market and $30/ton for offers on FOB basis. Whereas to the India market, the offers remained unchanged. All compared to last week’s levels. The source told SSESSMENTS.COM that feedback for the current offers is also as good as last week. As a result, the producer has almost sold out allocations for August shipment.
