A major Taiwanese producer announced new July PVC prices yesterday with increases to both China and India. Players reported that the new PVC prices are $30-40/ton above the June done deal level for Asian origins offered to China. Prices to India were reported to be $10-30/ton above the most recent deals for Taiwanese cargoes.
Some players pointed to higher VCM prices as a background for the higher PVC offers for next month. The notional market level for spot VCM has risen in recent weeks as players had been anticipating that PVC prices would be raised. More Plastic News at Chemorbis