Thai producer’s March PVC offers to SEA rise by US$30

10-Feb-10

A Thai producer announced March PVC offers this week at US$1050/ton CIF SEA, cash, an increase of US$30/ton when compared with their February done deal levels, as per Chemorbis. The producer commented that they do not expect to be able to conclude many deals given the short time remaining before the Chinese New Year holidays, although they added that they have no intentions of agreeing to any discounts on their new offers over the short term. Though the market had been expecting to see higher PVC offers for March in the region, most players were not expecting to receive new March offers from regional producers before major Asian producers had announced their March offers to the Chinese market. In China, a few Asian producers are still offering additional February allocations at US$1050/ton CFR China, cash after having sold out their regular allocations at US$1010-1030/ton with the same terms, an increase of US$60-80/ton when compared with their January done deal levels. Regarding March business, a source at a Taiwanese producer said that they are thinking of announcing their March offers at US$1050/ton on CFR basis after players return to the market after the holidays in late February.