American PVC prices move up in Turkey
A sentiment shift across Asian PVC markets boosted by rising ethylene costs in Asia and firmer post-holiday expectations in China also contributed to the firmer stances of US sources.
Source: ChemOrbis Price Wizard
American PVC k67 prices firmed up by around $10/ton on both ends to $860-900/ton CIF Turkey, subject to 6.5% customs duty and 18.81% ADD, cash equivalent. A trader lifted his offers by $30/ton after his supplier implemented a $40/ton hike on its export k67 offers. “We don’t expect overall activity to pick up until February in Turkey,” he stated.
Another trader, who is seeking a $10/ton hike, commented, “We don’t think US sources will concede to concluding deals below $900/ton so long as European PVC sustains its current levels. Large buyers are not taking positions right now but a demand revival is likely by end February/early March.” The higher expected outcome of February ethylene contracts support the downstream PVC outlook in Europe as a new round of increases are projected from the regional PVC producers, meanwhile.
A few buyers also confirmed, “We were able to find $850/ton CIF, cash for US k67 last week which is not available recently.” Meanwhile, a pipe manufacturer commented, “Import PVC prices turned up this week. However, increases might be kept in check since export end markets are not doing that bright for the time being.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PET bottle fails to salve pandemic wounds; challenges mount as autumn begins
- Can LDPE uptrend hold in Asia?
- Europe PVC prices lag behind global markets, upward pressure mounts
- PS, ABS markets take respite from rising streak in China, SEA
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness