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NewsSSESSMENTS: Inner Mongolian PVC Producers’ Pricing Strategy At Odds With Other Chinese PVC Producers

Author: SSESSMENTS

Market players in China reported to SSESSMENTS.COM that PVC producers based in Inner Mongolia applied a pricing strategy that is at odds with other Chinese acetylene-based PVC producers. As stated by the market players, most acetylene-based PVC producers in the country decided to slash offers by CNY50/ton ($7/ton) compared to offer levels recorded on June 16 due to weaker buying sentiment. However, acetylene-based PVC producers in Inner Mongolia region maintained stable offers compared to the same period. 

Local acetylene-based PVC offers on cash, EXW China basis (including 13% in CNY term and excluding VAT in USD term)

OriginTransaction TypeOffers (CNY/ton)Equivalent in USD/ton
ChinaOffer Given6,350-6,360793-794

Tags: Asia Pacific,China,English,NEA,News,PVC

Published on June 18, 2020 2:32 PM (GMT+8)
Last Updated on June 18, 2020 4:14 PM (GMT+8)