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Higher US PVC prices face resistance in global markets

  • 09/03/2017 (09:09)
Players in global markets reported reduced PVC supplies from the US owing to the turnarounds and better domestic demand. Accordingly, export prices out of the US were pronounced higher although buyers are resisting higher prices despite the tightness.

To add to this, US PVC producer Shintech is planning to shut its PVC plant in Texas for a planned maintenance in March; however, the duration of the maintenance was not clear at the time of publication.

April prices are also expected to come with increases due to these factors, according to many distributors.

A large trader opined, “Demand is muted in Egypt and import inquiries are scarce as a result of the firming dollar parity and high offers. However, additional increases might be applicable in the light of improving demand in the US.”

A trader in Egypt reported offering on the high end for US k67 and added, “PVC offers are not negotiable despite thin buying interest.”

A distributor from Turkey said, “Even though offers on the high end of the k67 range are not working, we are standing firm as we think lower bids are not realistic given the fact that US sellers raised their March prices by $60/ton.”

Meanwhile, import offers in Europe mostly failed to attract interest as they are standing at the same level with the local market. “Supply is very limited this month and imports are priced above the market level,” said an Italian buyer.
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