Taiwan’s FPC December PVC offers decline by $20/tonne

14 November 2012 06:56  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) has lowered its December offers for polyvinyl chloride (PVC) to China, southeast Asia and India by $20/tonne (€16/tonne) from November amid weak market conditions, a company source said on Wednesday.

Its offers for December shipments fell by $20/tonne to $930/tonne CFR (cost & freight) China Main Port (CMP)/southeast (SE) Asia and $950/tonne CFR India respectively, the source said.

Meanwhile, FPC’s December export offers to deep-sea markets, such as the Middle East, were steady at $880/tonne FOB (free on board) Taiwan, the source added.

Quantity discounts of $15/tonne are applicable for volumes of 1,000 tonnes to India. In addition, quantity discounts of $10/tonne and $20/tonne are applicable for volumes of 500 tonnes and 1,000 tonnes respectively to all other markets, the source said.

FPC plans to export an estimated volume of 65,000-70,000 tonnes in total for December shipments, according to the source.

PVC prices are expected to be bottoming out soon as there is not much room for further downward adjustments of prices in view of high feedstock costs, the source said.

($1 = €0.79)

By: Feliana Widjaja
+65 6780 4327

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