04 Mar 2021
Regardless of the swinging export carbide-based PVC offers from China sellers, regional players are waiting for new prices announcement from a major Taiwanese maker.
Transactions are satisfactory on the Shenhua auction platform this morning, signaling the growing confidence among domestic buyers.
A number of lower costs cargoes are arriving at the market, which is being transacted between traders to re-export to the international market.
It is widely expected that international sellers would continue to introduce new hike in the coming week to reflect the strong demand condition in the Western markets.
03 Mar 2021 SPVC k67-68
A major local producer in Indonesia reportedly lifted spot PVC offers for March delivery citing the strong upstream costs and overall supply tightness across the region.
03 Mar 2021
Thanks to the strong rebound on the Dalian Commodity Exchange, transactions on the Shenhua auction platform pick up significantly compared to the previous trading session.
Local sellers implemented CNY50-100/ton ($8-15/ton) hike on spot PP and PE cargoes following the development on the futures market.
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