PVC Demand In Indonesia Expected To Pick Up In February And March
- Local offers for February delivery from suppliers have yet to be announced
- PVC resins demand in Indonesia remains on a soft note
- February delivery offers predicted to increase by $20/ton
Indonesian market players voiced out to SSESSMENTS.COM that PVC demand in the country is expected to pick up in February and March. In the domestic market, this week, a local converter purchased around 1,000 tons of ethylene-based PVC for January delivery at $890/ton on cash, FD Indonesia basis and excluding 10% VAT. As for February delivery, most converters commented that the offers from suppliers have yet to be announced. More added, a local trader has sold out all February shipment allocation for localized Thai PVC cargoes for small quantity at $990/ton on 60 days credit term, FD Indonesia basis and including 10% VAT. No fresh offers for import PVC cargoes received this week.
Overall PVC resins demand in Indonesia remains on a soft note as some of the government projects have finished coupled with the intensity of the rainy season in the country. Likewise, demand for finished products is lower compared to December due to New Year 2020 and Lunar New Year holidays. Strong demand is only recorded for PVC raincoat as supported by the rainy season. On the supply front, no clear information regarding the availability of February materials from Sulfindo due to ongoing maintenance shutdown at the company’s PVC plant. Meanwhile, some converters reported still get normal allocation from other local producers, SSESSMENTS.COM was told.
Looking ahead, market players opined to SSESSMENTS.COM that local PVC offers for February delivery are expected to be announced by next week with increases of $20/ton compared to January. While PVC demand will start to pick up in February and March.
Tags: Asia Pacific,English,EN PVC INDONESIA WSS,Indonesia,Polyvinyl Chloride (PVC),Southeast Asia,WeeklySSESSMENTSJanuary 28, 2020 1:46 PM