PVC Prices Rise in Asia Due to Higher Feedstock Costs and Tight Supply
PVC prices in Asia have seen an upward trend due to increased costs of feedstocks like ethylene and EDC, coupled with tight supply conditions. This situation has been exacerbated by reduced operating rates among producers.
In India, the demand for PVC has remained subdued, with cautious procurement practices and slower trading activity ahead of the Diwali festival. Despite this, a Taiwanese producer has offered PVC to India at approximately $1,020/mt for shipments scheduled for late November to early December.
Regionally, PVC prices in Asia have risen by about $10/mt over the past week. In India, prices have been assessed at $940-1,000/mt CFR, reflecting a similar $10/mt increase week on week. Additionally, Reliance Industries Limited (RIL) has announced a domestic price increase of INR4/kg for PVC, effective from November 1.
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