Diisononyl phthalate (DINP) prices in Italy turned bearish in the since September and continued into October as plasticizers demand dropped. The import prices quoted from Korea remained lower due to lowering of freight charges cumulatively to as low as xx percent in the month. Cost pressure in APAC region, dropped down significantly as multiple PVC producers took their plants offline due to higher stocks and maintenance. LG Chem, a major producer of Korean DINP and PVC both, took it’s VCM and PVC production unit offline. On the demand front, prices of PVC surged in Europe as cost pressure and demand from construction industry increased. The producer price index remained negative although slowed down in pace. Freight charges remained as low as USD xxxx/FEU in the given month for European deliveries from Korea.
DINPs supply situation in Italy in September remained bearish compared with August situation. Latest...
