China
- Local ethylene-based PVC offers in China from a producer dropped by CNY100/ton ($16/ton), while acetylene-based PVC offers from local traders decreased by CNY100-150/ton ($16-24/ton), both on a weekly comparison
- Export acetylene-based PVC offers from a Chinese trader fell by $50/ton, while offers for ethylene-based PVC cargoes dipped by $10/ton, both price changes refer to weekly comparison
- Domestic polyvinyl chloride (PVC) demand is weak as buyers still shied away from procurement activity on the expectation of another round of price cuts
Egypt
- Deals for import ethylene-based PVC cargoes of Ukraine origin to Egypt concluded at $400/ton below last month's deal level
- The upcoming import offers for Ukrainian ethylene-based PVC cargoes are expected to emerge with further reduction
- Demand in the domestic polyvinyl chloride (PVC) market remains ongoing as the coronavirus situation in the country is under control
India
- An Indian acetylene-based PVC producer trimmed its local offers by INR5,000/ton ($68/ton) compared to the level seen on January 3, 2021
- Offers for localized South Korean and Taiwanese ethylene-based PVC cargoes via traders dropped between INR5,000-6,000/ton ($68-81/ton) on a weekly comparison
- The total arrival of imported polyvinyl chloride (PVC) cargoes to India in December was reportedly around 120,000 tons
Indonesia
- Two Indonesian polyvinyl chloride (PVC) producers released January delivery offers to the domestic market with a reduction of $150/ton compared to December delivery offers
- The freight cost from India and China to Indonesia surged from $900/TEU and $800-900/TEU to $1,700/TEU and $1,400/TEU, respectively
- The current actual demand for polyvinyl chloride (PVC) in Indonesia is below 50% than normal
Italy
- January delivery offers for European polyvinyl chloride (PVC) cargoes to Italy remain firm at EUR1,900-1,960/ton ($2,168-2,237/ton) on DDP basis; buyers' responses toward the offers are quite encouraging as supported by the rather tight supply in the European market
- Market talks have it that Egyptian polyvinyl chloride (PVC) cargoes quoted at a slightly lower than the mainstream offers for European materials
- The situation in Italy amid a growing number of Omicron variant cases is seen to have been under control; there was no significant impact seen in the polyvinyl chloride (PVC) market
Malaysia
- Import offers for Chinese acetylene-based PVC cargoes to Malaysia surfaced with a reduction of $20/ton on a fortnight comparison, available at $1,330/ton on CIF basis
- Demand for certain polyvinyl chloride (PVC) finished products started to increase between 10-20% as supported by the upcoming Lunar New Year
- Shipment from the leading Indonesian polyvinyl chloride (PVC) producer to Malaysia remains slow; the November-loading cargoes just arrive last week, while December-loading cargoes have yet to arrive
Pakistan
- Local offers for ethylene-based PVC cargoes from a Pakistani producer and traders were stable from last week’s level
- Domestic polyvinyl chloride (PVC) demand remains sluggish as the rainfall during the winter season still dampened buying sentiment
- Improvement in demand might be seen in March when summer begins and construction projects start running
Philippines
- A Philippines polyvinyl chloride (PVC) producer maintained January delivery offers at PHP88,000-89,000/ton ($1,720-1,740/ton) on FD Philippines basis and including 12% VAT
- The emergence of the new coronavirus variant in the Philippines has put a damper on buying appetite for polyvinyl chloride (PVC)
- Players expect domestic polyvinyl chloride (PVC) demand to remain slow onward as buyers tend to procure on an as-needed basis when the price is on the downtrend
Russia
- Local ethylene-based PVC offers in Russia remain firm over the month, heard at RUB175,000-180,000/ton ($2,294-2,359/ton) on FD basis and excluding 20% VAT
- Players expect polyvinyl chloride (PVC) prices to decrease by about 6% in February
- Trading activity in the domestic polyvinyl chloride (PVC) market is likely to pick up within the week commencing January 17
Thailand
- January delivery offers from a local polyvinyl chloride (PVC) producer emerged with a reduction of THB5,000/ton ($149/ton) on the monthly comparison
- Thai polyvinyl chloride (PVC) end-products manufacturers face hardship to sell to the Africa market following the soaring ocean freight cost from $1,400/TEU to $7,000/TEU
- Players predict that the upcoming local polyvinyl chloride (PVC) offers will decrease further by around THB3,000/ton ($90/ton)
Turkey
- Localized offers for European ethylene-based PVC grade K-70 in the Turkey market hiked by $150/ton on a weekly comparison
- Import ethylene-based PVC offers from South Korea fell by $50/ton, in contrast, offers for the same product from the US plunged by $80/ton, both on a weekly comparison
- The availability of polyvinyl chloride (PVC) materials in the market is limited, especially for grade K-70, due to the lesser arrival of import cargoes
Vietnam
- Vietnamese traders slashed their offers for local ethylene-based polyvinyl chloride (PVC) cargoes to the southern part of the country by VND1,000,000/ton ($44/ton) compared to last week’s level
- Buyers in South Vietnam voiced out buy ideas for local ethylene-based PVC cargoes at VND36,000,000/ton ($1,585/ton) on FD basis and including 10% VAT or VND800,000/ton ($35/ton) lower than the initial offers
- Resin demand in the northern part of Vietnam could be considered healthy as some traders managed to sell out all of their allocations after the price reduction
