01 February 2013 05:05 [Source: ICIS news]
SINGAPORE (ICIS)--Polyvinyl chloride (PVC) producers in India have raised their February list prices by Indian rupees (Rs) 1.50/kg ($28.15/tonne) to Rs64.00/kg ($1,201/tonne), industry sources said on Friday.
Producers cited firm feedstock vinyl chloride monomer (VCM) costs as the chief factor driving the price increase.
The increase was made in line with the rise in offer prices for imported cargoes being shipped to India in February.
South Korean February-loading cargoes were offered at $1,060-1,070/tonne CFR India, with deals concluded at similar levels, according to ICIS data.
Earlier in January, a Taiwanese producer sold out its February shipments to India at $1,050/tonne CFR India.
The equivalent import parity for the revised list price, at today’s exchange rate stands at $1,100/tonne CFR India.
($1 = Rs53.27)
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