A global trading house revealed to SSESSMENTS.COM the price indication on upcoming official announcement for leading Taiwanese PVC producer’s May shipment offers. According to the source, the leading Taiwanese PVC producer plans to officially announce May shipment offers on Monday (April 20) with a price decrease of $200/ton compared to the last offer to China and Southeast Asia. The trader also stated that the leading Taiwanese PVC producer will skip offering to India market.
The source also informed SSESSMENTS.COM that China is currently working towards reimposing anti-dumping duties (ADD) on US PVC cargoes. At the time of publication, there is no official announcement made by the Chinese government yet on the new ADD for US PVC cargoes. Previously, on October 30, 2019, China announced the removal of ADD on Polyvinyl Chloride (PVC) from four countries: the U.S, South Korea, Japan, and Taiwan.
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April shipment PVC offers on LC at sight announced on March 17 as follows:
| Delivery Country | Delivery Term | Offers (USD/ton) | Changes From March Shipment (USD/ton) |
|---|
| India | CIF | 860 | -50 |
| China | CFR | 820 | -50 |
| Southeast Asia | CIF | 820 | -50 |
| Taiwan | FOB | 790 | -50 |
Announcement made on October 30, 2019
| Country | Company Name | Previous ADD Rate | New ADD Rate |
|---|
| Japan | Shin-Etsu Chemical Co., Ltd. | 17% | 0% |
| Japan | V-Tech | 21% | 0% |
| Japan | Kaneka Corporation | 30% | 0% |
| Japan | Shin Dai-ichi Vinyl Corporation | 34% | 0% |
| Japan | OPC | 7% | 0% |
| Japan | Other companies | 84% | 0% |
| South Korea | LG Chem Ltd. | 6% | 0% |
| South Korea | Hanwha Chemical | 12% | 0% |
| South Korea | Other companies | 76% | 0% |
| Taiwan | China General Plastics Corporation (CGPC) | 12% | 0% |
| Taiwan | Formosa Plastics Corporation | 10% | 0% |
| Taiwan | OPC | 22% | 0% |
| Taiwan | Other companies | 25% | 0% |
| USA | Shintech Incorporated | 83% | 0% |
| USA | Formosa Plastics Corporation (Texas) | 11% | 0% |
| USA | Other companies | 83% | 0% |
Tags: Asia Pacific,China,English,ISC,India,NEA,News,PVC,SEA,Taiwan
Published on April 16, 2020 7:41 PM (GMT+8)
Last Updated on April 16, 2020 8:20 PM (GMT+8)
