05 Sep 2023
Vietnamese market participants returned from the long weekend National Day holiday to witness a fresh hike in import homo-PP offers from a key South Korean producer
05 Sep 2023 SPVC k67-68 SPVC (A) k67-68
Data from CommoPlast showed spot offers for both ethylene-based and carbide-based PVC are now at the highest levels since earlier this year.
The concept of “Golden September, Silver October” is further strengthened by the strong upstream costs and reduced sales pressure among local and international sellers.
While auction prices were largely unchanged from the previous session, buyers seemed more willing to place slightly higher bids to secure the cargoes, particularly for homo-PP.
04 Sep 2023
The latest price adjustment seems minor and might not be sufficient to support the maker to attract deals overseas. However, it is understandable.
Sources said the continued lacking ready-stock cargoes is the main factor supporting the firm price decisions from the producer at the moment.
Spot PP and PE offers in the domestic market track a stable trend following an abrupt surge recorded last Friday and interestingly, buyers continue to make small purchases.
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