Taiwanese Major Cuts June PVC Offers Again Amid Weak Asian Market Conditions

A major Taiwanese PVC producer has announced another round of price reductions for June shipments to Asian markets, nearly a week after implementing steep triple-digit cuts earlier this month.

Market sources said the initial reductions of $120-130/ton were still considered uncompetitive by many buyers, resulting in limited buying interest across the region.

The latest revision reflects ongoing weakness in Asia’s PVC market, where sluggish demand and aggressive competition from lower-priced cargoes from China, Japan, and Southeast Asia continue putting pressure on suppliers.

Under the revised pricing, the producer reduced June PVC K67 offers by an additional $60/ton across all regions.

Revised June PVC Offers

CIF India: $930/ton (Down $60/ton)
CIF China: $880/ton (Down $60/ton)
FOB Taiwan: $850/ton (Down $60/ton)

The latest adjustments have narrowed the pricing gap between the Taiwanese producer and competing regional suppliers. However, market participants noted that the revised levels are still viewed as relatively high under current market conditions.

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