Asian PVC: Prices stable ahead of May offers■ May
offers may be rolled over ■
Chinese cargoes flow to India, Southeast AsiaAsian polyvinylchloride
was stable during the week ending April 13th, with spot activity being lower
than May offers. Sources claim that May offers could be rolled over due to concerns about China's demand. April offers from key producers increased by $80-$100/mt
over the previous month. On the week, the
domestic China PVC market declined due to a decrease in demand following
coronavirus-induced lockdowns. Ethylene-based
PVC dropped from Yuan 100-140/mt on the week, to Yuan 9,100-9,300/mt. Carbide-based
PVC was down Yuan 100-135/mt during the same time period, at Yuan 9,500-9,700/mt. Chinese PVC producers exported PVC to India, Southeast Asia, and China despite lower domestic demand. Carbide-based PVC was valued at $1,300-1,330/mt FOB China.
Ethylene-based PVC was...