In Asia: Bearish industrial knowledge in China weighed on demand for PVC, prompting producers within the nation to shift their focus to export markets in hopes of higher netbacks. In the meantime, demand has remained weak in Southeast Asia with development exercise impacted by the continuing monsoon season.
In Europe: Elevated upstream ethylene costs have prompted PVC producers and patrons in Europe to debate August contract value hikes. In the meantime, demand for PVC has weakened within the continent with a decline in import shipments, significantly from Egypt and the US, owing to the imposition of provisional anti-dumping duties.
In United States: Producers are searching for value hikes for August and September.
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