Asian PVC origins emerge in Turkey
Source: ChemOrbis Price Wizard
The emergence of these offers affirmed that Asian suppliers appear to be in search of diverting their material to the other regions with better netbacks at a time when demand is slow and prices are softer in China.
Chinese and Taiwanese PVC k67 prices were at $980-990/ton, CFR Turkey, subject to 6.5% customs duty, cash, while Korean k67 emerged at $1000/ton subject to 1% duty. Meanwhile, these offers are not offering a competitive edge when compared to other origins such as non-dutiable European cargos at $1000-1020/ton CIF and the dutiable US origins at $945-980/ton CIF, subject to extra anti-dumping duty, which are usually traded with re-export document.
In whole 2016, Turkey imported 27,707 tons of PVC from South Korea, according to the data from ChemOrbis Import Statistics. Imports from Taiwan were at 16,402 tons while the figure from China stood at 3,793 tons in the same timeframe.
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