A Philippines PVC producer shared with SSESSMENTS.COM regarding February delivery offers with an adjustment following the movement in the international market. As reported by the producer’s source, February delivery PVC offers from the company’s end increased by PHP1,000/ton ($19/ton) as compared to January. To date, the producer only has a little remaining allocation as the current demand in the Philippines market is going good. Citing that the weather condition coupled with government projects has supported the domestic demand. Further added, production at the producer’s PVC plant is running normally.
In the days to come, the producer predicts that the current healthy demand in the Philipines will persist until March. Considering the demand, the producer opined that price increment for March delivery offers remains feasible; however, the producer will wait and see March shipment offers from the leading Taiwanese PVC producer first. While in April, the producer predicts that the market will start to slow down as there will be four days off for Easter and most players will be on holiday mood. Pertaining to the Coronavirus outbreak, the producer opined to SSESSMENTS.COM that the issues would not give a significant impact on the Philippines market.
Tags: Asia Pacific,English,EN PVC SEA NSS,NewsSSESSMENTS,Philippines,Polyvinyl Chloride (PVC),Southeast Asia Philippines PVC Market,Philippines PVC Prices,PVC pricesFebruary 11, 2020 4:56 PM