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American PVC offers break below $900/ton threshold in Turkey

by ChemOrbis Editorial Team -
  • 06/05/2015 (16:38)
In Turkey, players report that American PVC offers have broken below the $900/ton threshold in line with improved supply levels and weak buying interest.

American PVC k67 offers have been reported in the range of $880-910/ton CFR Turkey, subject to 6.5% customs and $45/ton anti-dumping duty, cash so far this week, which indicates a softening of $10-20/ton from a week earlier.

“We heard the level of $880/ton for American cargoes in the market given by Japanese suppliers. We think that American offers may lose another $10-20/ton before the end of May,” commented a trader who concluded a deal for American PVC at $910/ton CFR Turkey subject to 6.5% customs duty, cash.

Players also report that buying interest for American cargoes is not as strong as for European cargoes as buyers are not willing to secure US cargoes due to long delivery times and weak end product demand. A converter opined, “The weaker outlook for American cargos has hindered any further gains for European PVC as well.”
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