Asian PVC: Stable after $40-$55/mt decline- Market
bottoming out- Yuan
100/mt Local China RisesAfter falling $40-$55/mt on week 23 March,
Asian polyvinyl chloride was stable for the week. Asian PVC was unchanged at
$800/mt China CFR China, $820/mt Southeast Asia CFR and $840/mt India CFR March
29, all unchanged from the previous week. The
strengthening upstream market caused some improvement in Asian PVC market
sentiment. May ICE Brent futures increased
$3.93/b week-on-week to $78.95/b March 29. According to exchange data, China's PVC futures increased
Yuan 40/mt each day to settle at Yuan 6,265/mt. Spot market: The local China PVC price increased Yuan 100/mt
week-on-week to Yuan 6,400/mt (ethylene-based) and Yuan 6,300/mt (carbide
based). Asian Petrochemicalscan March 31,
2023. Some market sources believe that the Asian PVC market is near its bottom. Market sources stated that China's PVC demand remains
bearish,...