11 October 2012 12:20 [Source: ICIS news]
SINGAPORE (ICIS)--Import offers for polyvinyl chloride (PVC) in India were unchanged at $1,040-1,050/tonne (€811-819/tonne) this week, after having fallen sharply since early September, as demand for the material is on a seasonal slump, market sources said.
Indian producers have cut their domestic list prices for PVC by rupees (Rs) 3/kg ($57/tonne), effective 5 October, opting to adjust prices close to the re-opening to the key Chinese market, which was on a week-long holiday.
List prices were reduced given strong availability of PVC, market sources said.
Domestic PVC list prices in ?xml:namespace>
Market participants expect demand to pick-up by end-October, ahead of the Diwali holiday in mid-November.
($1 = 53.06 /$1 = €0.78)
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