In China, PVC spot activity was quiet. The lack of demand, moderate production activity, and limited support from upstream calcium carbide contributed to this weakness, which dropped week-on-week. Domestic offers for SGx grade reflected weak demand from the construction and infrastructure sectors. Operating rates in downstream sectors remained low, and traders continued to offer discounts due to a lack of buying interest.
On the other hand, international offers in the Chinese PVC market saw a slight increase. Taiwanese and other Asian producers raised prices for suspension-grade resin for September shipments compared to the previous week. However, Chinese buyers were still hesitant and chose to wait on purchases amid uncertainty impacting PVC prices.
In India, PVC prices showed stronger momentum. Reliance Industries Ltd. (RIL) raised domestic PVC rates by INR xxxx/MT, effective August xx. International suppliers also increased...
