Polyvinylchloride (PVC) prices gain in South Asia

CGPC, Taiwan also sealed several deals for PVC resin at the USD 990/mt levels. This attracts an anti dumping duty of USD 34.94/mt for buyers in India. In Sri Lanka, prices of PVC were assessed at the USD 950/mt CFR levels while in Pakistan, prices of PVC were also assessed at the USD 950/mt CFR levels, both up USD 10/mt from the previous week.In Bangladesh, prices of PVC were assessed higher at the USD 960/mt CFR levels, a week on week rise of USD 10/mt. Prices gained in the above regions mainly on account of higher import offers from overseas producers coupled with improved regional demand trends.CFR China prices of PVC were assessed steady at the USD 950/mt levels while CFR South East Asia prices of PVC were also assessed flat at the USD 950/mt levels. Buying sentiments were reported as soft in the region.Feedstock ethylene prices on Wednesday were assessed at the USD 1385/mt CFR North East Asia levels, a surge of USD 80/mt from the previous week. CFR South East Asia prices of ethylene were assessed at the USD 1150/mt levels, a week on week spike of USD 45/mt.