Asian PVC: Stable to
$10-15/mt higher amid bullish crude ■ Some demand heard from
Europe/Africa ■ China’s December exports hit seven-month high
On March 2, Asian polyvinylchloride was
stable at $10-15/mt more week-on-week. March. 2 The CFR China PVC price increased $10-15/mt week-on-week
to be valued at $1,310-1,350/mt. During the same period, the CFR India PVC cost
was stable at $1.560-2.250/mt. According
to market sources, the Asia PVC price hike on March 2nd was quite small
compared with bullish western crude oil futures. May ICE Brent futures increased $17.21-22.50/b week-on-week
to be valued at $111.04-130.50/b March. According
to S&P Commodity Insights, 2, According
to market sources, China's PVC demand in 2022 was expected to decline due to
weaker construction activity. This limited the potential for a price rise in
Asia PVC. Market participants also expect
that the...