Irregular Chinese PVC offers show up in Turkey
by ChemOrbis Editorial Team - content@chemorbis.com
Turkey’s import PVC market has witnessed lower prices for dutiable origins this week including for North and South American cargos due to sluggish buying appetite from manufacturers whereas duty-free European prices were flat as they are supported by an ongoing tightness in that region.
Meanwhile, Chinese PVC k67 prices emerged this week at $1000-1015/ton CIF Turkey, subject to 6.5% customs duty, cash in tandem with the stagnant demand across Asia. “These prices showed up as a result of unsatisfactory demand in the region, which also caused a Taiwanese PVC major to fail to obtain its initial April hikes of $20/ton in China and India by mid-week,” some players opined. The major had to revise its prices down, which was followed by a Thai producer’s price cut shortly after.
On the other hand, the recent Chinese PVC k67 prices were not found workable in Turkey considering more competitive offers at $1020-1030/ton CIF, cash for non-dutiable European origins and $960/ton FCA, subject to 6.5% duty, cash for Brazilian cargoes.
Turkey imported only around 3800 tons of Chinese PVC in the whole 2016, according to ChemOrbis Import Statistics, out of a total import amount of almost 270,000 tons in the period.
Meanwhile, Chinese PVC k67 prices emerged this week at $1000-1015/ton CIF Turkey, subject to 6.5% customs duty, cash in tandem with the stagnant demand across Asia. “These prices showed up as a result of unsatisfactory demand in the region, which also caused a Taiwanese PVC major to fail to obtain its initial April hikes of $20/ton in China and India by mid-week,” some players opined. The major had to revise its prices down, which was followed by a Thai producer’s price cut shortly after.
On the other hand, the recent Chinese PVC k67 prices were not found workable in Turkey considering more competitive offers at $1020-1030/ton CIF, cash for non-dutiable European origins and $960/ton FCA, subject to 6.5% duty, cash for Brazilian cargoes.
Turkey imported only around 3800 tons of Chinese PVC in the whole 2016, according to ChemOrbis Import Statistics, out of a total import amount of almost 270,000 tons in the period.
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