European PVC softens first time in 3 months in Turkey

In Turkey, European PVC offers have softened for the first time in three months this week due to constantly discouraging buying appetite amidst seasonal factors and comfortable availability.

As was already noted in ChemOrbis Daily Headline European PVC yields to patchy demand in Turkey, follows US PVC lower, the softening in European PVC has come after a month that the downturn of US PVC kicked off.

European PVC k67 prices were mostly reported at $1000-1035/ton CIF Turkey, cash, no duty. Yet, medium and large scaled buyers obtained lower offers at $975-990/ton, which pushed the overall range down by $45/ton on the low end from last week.

A profile manufacturer projected that offers from traders will move down to around $950-960/ton in the upcoming days, saying, “Now that the approaching year end and the winter season combined with the volatile USD/lira parity keep activity stalled and lower PVC prices out of the US weigh down on sellers, we believe that European PVC prices have room to come down further.”