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NewsSSESSMENTS: Vietnam PVC Market Shows Gloomy Outlook Ahead Of Tet Holiday

Author: SSESSMENTS


A local producer in Vietnam commented to SSESSMENTS.COM that the PVC market in the country shows a gloomy outlook ahead of the Tet holiday (Vietnamese Lunar New Year). In the domestic market, the latest offers for ethylene-based PVC from the producer’s end stood between VND20,600,000-20,800,000/ton ($887-895/ton) on 15 days credit term, FD Vietnam basis and excluding 10% VAT. Further added, the current offer level is negotiable for a big quantity of purchases. 


On the demand front, SSESSMENTS.COM was informed that the Vietnam PVC market saw a slight improvement in terms of demand compared to the previous month, yet the improvement is far below the producer’s expectation. Traditionally, PVC demand in November will be strong since buyers should stock up for the preparation of the Tet holiday. However, most converters are currently adopting a cautious stance in anticipation of lower prices in the near term. 


In terms of outlook, the producer expects that the leading Taiwanese PVC producer would adjust down the prices for the December shipment, as told to SSESSMENTS.COM.



 





Tags: Asia Pacific,English,EN PVC VIETNAM NSS,NewsSSESSMENTS,Polyvinyl Chloride (PVC),Southeast Asia,Vietnam PVC demand in Vietnam,PVC prices,Vietnam PVC prices

Published on November 6, 2019 2:37 AM (GMT+8)
Last Updated on January 14, 2020 7:43 AM (GMT+8)