Transactions for import ethylene-based PVC offers between May 7 until May 13 on LC at sight, CIF China Main Port basis
A trader reported to SSESSMENTS.COM that the offers for import South Korean PVC cargoes to China market continue to rally. In comparison to a week earlier, May shipment offers for ethylene-based PVC cargoes from a South Korean producer were adjusted higher by another $50/ton, bringing the cumulative increases to $100/ton in less than a week. The trader stated that the increases are supported by the limited supply as well as a positive pricing outlook in the international market. However, there is no deal concluded yet at the time of the publication.
Previously on May 7, the offers also went up by $50/ton on a weekly comparison citing the limited supply from the producer’s end and firmer China’s PVC futures market. SSESSMENTS.COM was told that deals were concluded a day after at $670/ton on LC at sight, CIF China Main Port basis, or $10/ton lower from the initial offer level. Further added, in case any unforeseen circumstances arise, the last shipping date is before June 10, 2020.
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NewsSSESSMENTS: South Korean PVC Cargoes Sold To China Market A Day After Hefty Adjustment
Tags: Asia Pacific,China,English,Freemium,Korea,NEA,News,PVC
Published on May 13, 2020 11:12 AM (GMT+8)Last Updated on October 1, 2020 4:54 PM (GMT+8)
