India PVC offers steady at $1,040-1,050/tonne on lacklustre demand

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 India were cut to Rs63/kg EXW (ex-works), which is equivalent to Rs74-75/kg on delivered (DEL) basis.

Market participants expect demand to pick-up by end-October, ahead of the Diwali holiday in mid-November.

($1 = 53.06 /$1 = €0.78)

By: Veena Pathare
+65 6780 4327

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