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NewsSSESSMENTS: Vietnamese Converter Received August Delivery PVC Offers From Local Producer, Hesitant To Purchase

Author: SSESSMENTS

A Vietnamese converter shared with SSESSMENTS.COM on receiving August delivery PVC offers from a local producer. As informed, the converter received offers for ethylene-based PVC cargoes from the local producer at VND600,000/ton ($25.7) higher compared to last month. However, the converter side opined that the price is too high; hence, the converter is hesitant to purchase while also considering to reduce purchasing quantity to around a few hundred tons only. As revealed, the converter usually purchased around 1,000-2,000 tons of PVC resins from the producer.

Local ethylene-based PVC offers on cash, FD Ho Chi Minh basis (excluding 10% VAT in all term)

OriginTransaction TypeOffers (VND/ton)Equivalent in USD
VietnamOffer Received19,800,000850

Tags: Asia Pacific,English,News,PVC,SEA,Vietnam

Published on July 24, 2020 3:16 PM (GMT+8)
Last Updated on July 24, 2020 3:16 PM (GMT+8)