Domestic PVC offers higher than expected for Nov in Indonesia

An Indonesian producer stated that they announced their November offers to the domestic market at prices higher than the sell ideas they reported last week.  The producer's November offers represent a rollover at the low end of the range from the October done deal level while the high end of their November offers stands $10/ton above their initial October offer levels.  The producer's initial November offers stand at $900-950/ton FD Indonesia, cash, with this price level also representing an increase of $10-40/ton when compared with the November sell ideas of $890-910/ton with the same terms expressed by the producer in the last week of October.

The producer attributed their higher than expected November offer levels to comparatively good demand in the local market as well as the recent appreciation of the Indonesian Rupiah against the US dollar.  Higher import prices to the region also lent support to the producer's higher than expected announcement, as did the fact that many other producers throughout the region are also said to be seeking rollovers on their November business.