Taiwan’s Formosa Plastics hikes Sept PVC offers by $70-90/tonne

13 August 2012 05:09  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) has raised its September benchmark offers for polyvinyl chloride (PVC) by $70-90/tonne (€57-73/tonne) from its August offers, in view of higher feedstock ethylene prices and limited volume, a company source said on Monday.

Offers for September shipments are up by $70/tonne at $990/tonne CFR (cost & freight) CMP (China Main Port), and up by $90/tonne at $1,030/tonne CFR India, the source said.

Similarly, the producer’s September export offers to its deep-sea markets, such as the Middle East, were raised by $90/tonne at $960/tonne FOB (free on board) Taiwan.

($1 = €0.81)

By: Feliana Widjaja

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