Asian PVC: Stable to Down after Sep business ends■ Chinese PVC Exports Limited in Lower Runs■ Discussions about a possible safeguard duty on Chinese
PVC imported into IndiaDue to thin pricing discussions, Asian
polyvinylchloride was deemed stable at $20-25/mt down week Aug. 24, with no
significant price changes. The
CFR China PVC price was $905-920/mt on Aug. 24, According to market sources, spot price negotiations were
quiet following September's close. Spot
negotiations were also restricted on a FOB-China basis. China's PVC exports will decline due to lower plant
operations and power shortages. According
to market sources, China's PVC plant operation is currently at 70%. This is
down from 77% in July. China's July PVC
exports dropped 20.8% month-on-month to 176.929 mt. This was the lowest level
since February 114,830, mt (Chinese Customs data Aug. 23). Due to a lack...