Argentinean PVC offers emerge in Turkey and India
In Turkey, this origin is offered at $750/ton CFR, subject to 6.5% duty. Some players commented that they expect to see Argentinean PVC materials being offered regularly in Turkey from now on. This origin may also serve as an alternative to buyers who are not willing to secure US cargoes following the new antidumping regulations, some commented. Buying interest for US origin in Turkey has visibly diminished in recent days, many players concur.
According to ChemOrbis Import Statistics, Argentinean PVC entered Turkey only once in April 2010 for 1,000 tons and has not been seen since then.
In India, meanwhile, Argentinean PVC emerged on the low end of the import offer range at $810/ton CIF India, cash, subject to 7.5% duty this week. In the import market, the overall range is reported at $810-860/ton on a CIF India, cash equivalent basis. Players report relatively better demand in India, where price hikes have passed for October.
In Argentina, Solvay Indupa operates a 300,000 tons/year PVC plant in Bahia Blanca. The company also owns a 220,000 tons/year PVC plant in Santo Andre, San Paulo, Brazil. It is considered the second largest PVC producer in South America after Brazil’s Braskem, which is able to produce 710,000 tons/year of PVC.
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