SupplyTuesday, 17 March 2026·India
Taiwanese major expected to skip April PVC offers as upstream issues persist
A major Taiwanese producer is expected to skip announcing April PVC offers to Asian markets, according to market sources, marking a rare disruption in its regular monthly pricing cycle.
Market participants also indicated that the producer could suspend its offers for up to two months, although this remains unconfirmed and is currently treated as market speculation.
The expected move follows the company’s March pricing announcement, when it increased PVC K67 offers to $720/ton CIF India and China, cash, up by $40/ton from February levels. FOB Taiwan prices were set at $650/ton, cash.
Upstream disruptions raise supply concerns
The uncertainty stems from upstream disruptions after Formosa Petrochemical Corporation declared force majeure on olefins earlier in March. The company cited feedstock shortages and shipping constraints linked to disruptions in the Strait of Hormuz.
In the wake of this declaration, Formosa Plastics Corporation warned customers about possible supply disruptions, delivery delays, and allocation measures for affected products, including polyolefins and PVC.
According to a customer notice dated March 10, reduced availability of key feedstocks such as ethylene and propylene has disrupted the company’s petrochemical supply chain, preventing normal plant operations. As a result, available volumes may be distributed under a “fair quota supply” mechanism based on current inventory levels, while delivery schedules could also face revisions
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Market participants also indicated that the producer could suspend its offers for up to two months, although this remains unconfirmed and is currently treated as market speculation.
The expected move follows the company’s March pricing announcement, when it increased PVC K67 offers to $720/ton CIF India and China, cash, up by $40/ton from February levels. FOB Taiwan prices were set at $650/ton, cash.
Upstream disruptions raise supply concerns
The uncertainty stems from upstream disruptions after Formosa Petrochemical Corporation declared force majeure on olefins earlier in March. The company cited feedstock shortages and shipping constraints linked to disruptions in the Strait of Hormuz.
In the wake of this declaration, Formosa Plastics Corporation warned customers about possible supply disruptions, delivery delays, and allocation measures for affected products, including polyolefins and PVC.
According to a customer notice dated March 10, reduced availability of key feedstocks such as ethylene and propylene has disrupted the company’s petrochemical supply chain, preventing normal plant operations. As a result, available volumes may be distributed under a “fair quota supply” mechanism based on current inventory levels, while delivery schedules could also face revisions
Stay ahead of market trends with the Credco app. For any queries, please reach out to us via WhatsApp at +918448083211.