As SSESSMENTS.COM noted, US PVC offers have emerged in the Asia market with notable changes, but some buyers find the prices are unattractive. To the Southeast Asia market, one of the US PVC producers offered their cargoes at $650-660/ton on LC at sight, CFR Main Port basis to Malaysia and Vietnam. As compared to last month, the producer’s current offers were hiked between $50-60/ton. In terms of quality, the producer is giving less quality, which is around 30% lower than last month’s level. Meanwhile, market talks have it that US PVC cargoes from another supplier are available in the Malaysia market at $690/ton on LC at sight, CIF Malaysia Main Port basis; which is considered as high by buyers. A Malaysian trader cited that if June shipment offers from Thailand PVC producers adjusted up around $40/ton following the global market; the price will still be able to maintain its attractiveness. Therefore, most Malaysian buyers lamented that such a level for US cargoes is unworkable.
To the South Asia market, a global trading house informed SSESSMENTS.COM that import offers for PVC cargoes of US origin surfaced in the Bangladesh market with an increase of between $40-50/ton from last week’s level. Despite being unable to disclose the exact offer level, the trader notified that there are no longer prices available below $700/ton-level in Bangladesh so far. At the moment, the trader is not actively selling since the market is already in a holiday mood for Eid Al-Fitr. Furthermore, on May 18, rumour has it that US PVC cargoes sold to China at $670/ton on LC at sight, CIF China Main Port basis and the volume of purchase is quite big.
Click below to view related stories and content on PVC market:
NewsSSESSMENTS: Leading Taiwanese PVC Producer Announces June Shipment Offers
NewsSSESSMENTS: Japanese PVC Producer Announces June Shipment Offers To Asia Market
NewsSSESSMENTS: Price Compensation From Leading Taiwanese PVC Producer For India Market
NewsSSESSMENTS: South Korean Prime PVC Exporter Announced June Shipment Offers To India
NewsSSESSMENTS: South Korean Producer Announced New PVC Offers For India Market
NewsSSESSMENTS: Thai PVC Producer Announces June Shipment Offers To India Market
