As contacted by SSESSMENTS.COM, a Vietnamese PVC producer told that the company has sold out July delivery allocation and expects minimal impact of monsoon on PVC demand during July. “The demand will not be very weak yet. There might be a slight decline, but the overall demand will remain good,” the producer opined. The producer further added that demand will be slow in September and becomes robust again starting from October until December due to the preparations for Tet Holiday (Vietnamese Lunar New Year).
For August delivery, the producer has not made any decision yet. The producer will wait for August shipment offers from overseas suppliers as most of the time, the producer’s pricing strategy matches the international price trend. Citing the producer’s statement to SSESSMENTS.COM, August shipment offers will be stable to increase between $10-20/ton compared to July shipment due to high production cost and tight supply from the leading Taiwanese PVC producer.
