Asian PVC: Drops $10/mt because of bearish sentiment# Ex China offers active# June Offers to Lower by $50-$100/mtDue to bearish market sentiment, Asian polyvinylchloride
was down $10/mt-$15/mt on week May 11. CFR China PVC prices fell
$10/mt-$17/mt on week to $1,300/mt-$1,350/mt, May 11. CFR India prices declined
$10/mt-$15/mt, to $1,520/mt-$1,560/mt. Due
to China's active exports, the Asian PVC market was in pressure. China's domestic market was affected by COVID-19 lockdowns. The price of PVC based on carbide fell Yuan 100-130 per
week, Yuan 8,700-8,850/mt May 11th. Ethylene-based PVC was at Yuan 9,000-9,300/mt
Yuan 100-130/mt. China's PVC exports have
continued to decline, which has led to lower FOB China prices. The price of PVC based on carbide fell $30/mt-$45/mt per
week, to $1,200/mt-$1,240/mt May 11. Ethylene-based PVC was at $1,260/mt-$1,280/mt,
down $20/mt-$40/mt. According to market
sources, ex-China cargoes...